S&P revises Kenya’s sovereign credit rating upward on reduced liquidity risks
NAIROBI, Kenya, Aug 23 - Global credit rating agency S&P has revised Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing stronger Kenya breaking news | Kenya news today |..
✨ Key Highlights
S&P has upgraded Kenya's long-term sovereign credit rating to 'B' from 'B-', citing reduced liquidity risks driven by stronger foreign exchange reserves and easing near-term external financing pressures.
- Kenya's foreign reserves hit $11.2 billion (Sh1.46 trillion) in July 2025, significantly up from $6.6 billion (Sh858 billion) at the end of 2023.
- The credit rating agency, S&P, improved Kenya's rating due to robust export earnings and diaspora remittances.
- The Central Bank of Kenya has eased its policy since August 2024, cutting rates by a cumulative 350 basis points to 9.5%, lowering government borrowing costs.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
S&P Upgrades Kenya's Sovereign Rating to 'B'; NSE Investor Wealth Jumps by KSh1 Trillion - August 2025
S&P Global Ratings has upgraded Kenya's long-term sovereign credit rating to ‘B’ from ‘B-’, maintaining a stable outlook. The upgrade was attributed to reduced near-term external liquidity risks, easing external financing pressures, and stronger foreign exchange reserves. In a related market development, the Nairobi Securities Exchange (NSE) has seen investor wealth increase by KSh1 trillion since CEO Frank Mwiti took over in May 2024. The NSE's market capitalization reached KSh2.678 trillion. The NSE All Share Index closed at 170.03 on Friday, August 22, 2025, having doubled in value in nine months.
