×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Global agency warns Kenya its credit rating at risk of downgrade

Global ratings agency Fitch has warned Kenya that it could downgrade its rating if it does not adequately grow revenues to bridge the budget deficit and tame borrowing.

It said Kenya’s 'B+' sovereign rating is supported by its high medium-term growth potential, but a gaping budget deficit and high levels of borrowing could hurt the country’s credit profile.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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