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African Union, UN back Ruto in tiff with ratings firm Moody's

President William Ruto addresses the World Economic Forum in Davos, Switzerland, January 2015. [DPPS]

President William Ruto's onslaught against what he sees as unfair assessment by global credit rating agencies has received backing from the African Union (AU) and United Nations (UN) agencies.

President Ruto recently faulted the credit agencies while defending his government's intention to buy back part of the $2 billion (Sh282 billion) Eurobond ahead of the June 2024 maturity date.

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