×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Weak rating to hurt Ruto's borrowing plan

President William Ruto speaks after launching projects in Chogoria, Tharaka-Nithi County, July 13, 2023. [Phares Mutembei, Standard]

Rising borrowing costs and tougher market conditions could see the embattled government struggle to refinance upcoming maturing debts.

This is against a backdrop of the weaker credit rating by global rating agencies, signalling taxpayers will have to dig deeper into their pockets to service the planned loan amid tighter global loan market conditions.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in