Moody’s downgrades Kenya’s ratings to CAA1

A week after Kenya’s President William Ruto declined to assent the Finance Bill 2024 to law following nationwide protests and public outcry, recent ratings by Moody’s has downgraded Kenya’s credit sustainability to CAA1. The negative outlook has been attributed to the risks on the government’s liquidity. CNBC Africa is joined by Churchill Ogutu, Economist, IC Asset Managers for more.
Tue, 09 Jul 2024 16:37:22 GMT

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