Treasury CS Rotich dismisses Moody's ranking

Treasury Cabinet Secretary Henry Rotich ?. (Photo: Courtesy)

Increased focus on the ability of the Government to settle debts was heightened on Thursday as Finance Cabinet Secretary Henry Rotich deflected a possible downgrade in Kenya’s risk profile.

Global credit rating Moody's has put Kenya’s at B1 long-term rating for a downgrade citing persistent, large, primary deficits and high borrowing costs continue to drive Government indebtedness higher.