Global Rating Agency Lauds Ruto’s Efforts But Warns of 3 Major Issues

Fitch's rating on Kenya helps investors gauge the country's ability to meet financial obligations, including risks of defaulting and its future economic prospects...

✨ Key Highlights

Fitch, a global credit rating agency, has affirmed Kenya's credit rating at ‘B-’ with a stable outlook, acknowledging the country's consistent debt repayment and strong economic growth compared to its peers. However, the agency highlighted three major concerns that could challenge President William Ruto's administration.

Most important fact or figure: Kenya's forex reserves reached Ksh1.6 trillion ($12.4 billion) by the end of 2025.
Key person or organization involved: Fitch (credit rating agency) and President William Ruto.
Notable detail that adds context: Fitch’s concerns include high debt servicing, revenue collection shortfalls, and uncertainty regarding future IMF and World Bank financing for Kenya.

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