Why global ratings agency is doubting Mbadi's debt strategy

Treasury CS John Mbadi before the Senate Devolution Committee on county governments’ commercial bank accounts at Bunge Towers, Nairobi. July 17, 2025 [Elvis Ogina, Standard]

Global credit ratings agency Fitch Ratings has cast doubt on Treasury Cabinet Secretary John Mbadi’s strategy to navigate Kenya’s severe debt crunch, questioning whether the country’s ambitious liability management operations can be successfully implemented. 

The agency’s assessment, reviewed by The Standard, joins a growing chorus of concern over the country’s fiscal health, putting Treasury mandarins in the spotlight.