Kenyan treasury warns of recent credit rating downgrade

NAMPA / Xinhua

2025-01-20

NAIROBI, Jan. 20 (Xinhua) -- The National Treasury of Kenya said on Monday that the recent downgrade of the country's credit rating has significantly impacted its ability to borrow commercial loans from various credit sources. "Rating downgrades lead to increased borrowing costs, limiting access to credit markets, low investor confidence, currency depreciation, and debt sustainability risk," the Treasury said in its 2025 Public Debt Management......

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