trending Market Intelligence /marketintelligence/en/news-insights/trending/wsAteyaWC2da3TgDg86ITw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fitch downgrades Kenya

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts


Fitch downgrades Kenya

Fitch Ratings on July 14 downgraded Kenya's long-term local-currencyissuer default rating to B+ from BB-, with a negative outlook.

Kenya's long-term foreign-currency issuer default rating wasaffirmed at B+, also with a negative outlook.

The rating agency said the downgrade of the long-term local-currencyIDR was influenced by the trend of increasing capital expenditure and delayed fiscalconsolidation detailed in Kenya's June 8 budget.