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Originally published by The Standard BusinessNovember 1, 2025
9h ago
Cost of a comment: How Kenya lost Sh15b after Moody's misstep
AU-commissioned report shows a credit rating system that is stacked against developing nations. The report revives debate over fairness and transparency of the credit rating system...
✨ Key Highlights
Kenya reportedly lost at least Sh15 billion due to negative commentaries and rating actions by Moody’s Ratings, according to a confidential African Union policy brief. This significant financial impact has prompted President William Ruto to advocate for reforms within the global credit rating system.
- Kenya incurred a loss of at least Sh15 billion.
- The loss is directly attributed to adverse actions by Moody’s Ratings.
- President William Ruto is seeking reforms to the global credit rating system.
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