Moody's upgraded credit rating: What it 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...

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Global ratings agency Moody's has upgraded Kenya's sovereign credit rating, delivering a significant boost for President William Ruto's administration by improving its prospects for accessing cheaper international credit.

Moody's lifted Kenya's long-term foreign currency issuer rating to "B3" from "Caa1".
The upgrade cited a reduction in the near-term risk of default for Kenya.
This marks the second positive credit assessment for Kenya in a short period.

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