National Treasury Cabinet Secretary John Mbadi has attributed Kenya's rising borrowing costs to unfair credit ratings by foreign agencies. He emphasized the importance of transparency and consistent communication for effective engagement with these agencies.

• Kenya's recent credit rating upgrade is expected to lower borrowing costs, freeing resources for infrastructure, agriculture, and climate resilience projects.
• The United Nations Development Programme (UNDP) pioneered the Credit Rating Initiative in Africa in 2005, assisting 18 countries in securing their first sovereign ratings.
• Kenya, identified as a focus country for 2025, will establish a fully resourced Credit Rating Committee to coordinate and domesticate its rating agenda.