×
The Standard e-Paper
Kenya's Bold Newspaper
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.
Audio By Vocalize
The government received a crucial vote of confidence from Fitch Ratings on Friday last week after the global credit ratings agency affirmed the country's long-term foreign-currency issuer default rating at 'B-' with a stable outlook, averting a downgrade that top National Treasury officials had warned could "torpedo" the economy.
A credit rating or outlook is significant because it can sharply influence a country’s cost of borrowing in international financial markets, potentially triggering a vicious cycle of higher debt servicing costs and deeper fiscal strain.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join