Global Rating Agency Warns Ruto, Mbadi Over Costly Loans

This comes as Kenya plans to return to the international markets to borrow while seeking to unlock up to Ksh151.2 billion in World Bank funding during the 2026/27 financial year...

✨ Key Highlights

S&P Global Ratings has affirmed Kenya’s B credit rating with a stable outlook, despite warning of a potential widening fiscal deficit and rising debt costs.

S&P projects Kenya's fiscal deficit could reach 7.1% of GDP in 2026/27, exceeding the Treasury’s target.
The rating agency cited revenue shortfalls, increased interest payments, and pre-election spending as key drivers for the potential deficit increase.
Despite concerns, Kenya's strong economic growth prospects and continued access to concessional external financing are supporting the stable outlook.

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