Moody's Downgrades Kenya's Debt Rating and Warns of Negative Outlook
Tuesday, 9 July 2024, 08:54
Moody's Downgrades Kenya's Debt Rating
Moody's has downgraded Kenya's debt rating further into junk territory.
Protests Impact Government Decisions
A wave of protests led the government to abandon proposed tax hikes.
Increased Borrowing Costs Expected
The new rating and negative outlook are likely to raise borrowing costs for the government.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.