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The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
The government's intention to buy back part of the $2 billion (Sh282 billion) Eurobond has sparked negative sentiments with global ratings agency Moody's equating it to a default.
Bloomberg reported that Kenya's Eurobonds had plunged after the statement by Moody's.
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