Boost for Ruto's fiscal plan as Moody's joins Fitch in upgrading Kenya's credit rating

Moody's lifted Kenya's long-term foreign currency issuer rating to "B3" from "Caa1," citing a reduction in the near-term risk of default...

✨ Key Highlights

In a significant boost for Kenya's fiscal outlook, Moody's has upgraded the nation's credit rating, following a similar move by Fitch. This upgrade signals reduced default risk and improves Kenya's access to more affordable international credit.

Moody's lifted Kenya's long-term foreign currency issuer rating to "B3" from "Caa1".
The upgrade provides a second positive assessment in days for President William Ruto's administration.
The improved rating is expected to help Kenya secure cheaper international credit.

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