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Originally published by The Standard Business
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January 29, 2026
5h ago

What Moody's upgrading Kenya's credit rating means for Ruto

What Moody's upgrading Kenya's credit rating means for Ruto

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

Global ratings agency Moody's has upgraded Kenya's sovereign credit rating, providing a significant boost for President William Ruto's administration and improving the country's access to international credit.

  • Moody's lifted Kenya's long-term foreign currency issuer rating to "B3" from "Caa1".
  • The upgrade was attributed to a reduction in the near-term risk of default for Kenya.
  • This offers President William Ruto's government better prospects for accessing cheaper international credit.

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