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Kenya’s credit rating to be out soon – Moody’s

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Moody’s Investors Service has completed the periodic review of its Kenya credit rating and is expected to release its report any time.

“Moody’s has now completed the periodic review of a group of issuers that includes Kenya and may include related ratings. The review did not involve a rating committee, and this publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future,” it said in a statement.

The agency, however reiterated that Kenya still held an issuer rating of B2 that is supported by its “moderate” economic strength, which reflects the relative diversification of the economy and high growth rates, despite low wealth levels.

Source: BD Africa