Moody’s Cuts Kenya’s sovereign rating deeper into junk status
Source: Africa Publicity International credit ratings agency, Moody’s, has cut Kenya’s sovereign rating deeper into the junk territory. On Monday, July 8, 2024, Moody’s cited Kenya’s diminished capacity to implement a fiscal consolidation strategy to contain its debt burden as a reason for pushing the East African nation’s rating into the junk zone. Moody’s…