Kenya’s Credit Rating Raised to ‘B’ by S&P as Liquidity Risks Ease
10:18 23.08.2025 (Updated: 10:44 23.08.2025)
© telegram sputnik_africa
/ Subscribe
Kenya’s Credit Rating Raised to ‘B’ by S&P as Liquidity Risks Ease
Global credit rating agency noted that robust export earnings and diaspora remittances have boosted Kenya’s foreign exchange reserves. This has eased pressure from large external imbalances.
S&P expects solid economic growth and improved liquidity to offset challenges from high interest rates and slow fiscal consolidation.
President William Ruto recently predicted that Kenya’s economy will grow 5.6% this year, up from 4.7% last year, surpassing official forecasts.
S&P maintained a "stable" outlook for the country.
Subscribe to @sputnik_africa
