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Moody’s Warns That Kenya’s High Borrowing Costs Could Prompt a Downgrade


The global credit rating agency Moody’s is becoming increasingly concerned that Kenya will not be able to keep up with the payments on its comparatively expensive loan portfolio.

Moody’s adjusted Kenya’s rating from B2 stable to B2 negative late last week. “The negative outlook reflects the rising risks posed by Kenya’s large gross borrowing requirements,” the company said in a statement.

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