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S&P Global has upgraded Kenya’s long-term sovereign credit rating from ‘B-’ to ‘B’, maintaining a stable outlook. The agency cited stronger foreign exchange reserves, supported by robust export earnings and steady diaspora remittances, which have cushioned the economy against external imbalances. It noted that Eurobond repayments between 2025 and 2027 remain manageable following recent debt operations. While high interest payments and slow fiscal consolidation remain challenges, S&P expects Kenya’s solid growth and improved liquidity outlook to support economic stability.
Saturday, 23 August, 2025