S&P Revises Kenya’s Outlook From Stable to Negative
Global rating agency Standard and Poor (S&P) has revised Kenya’s outlook on debt service capacity from stable to negative. “Constrained external financing led to Kenya suspending plans to tap international capital markets in 2022, prompting the country to draw more extensively on its forex reserves to meet its external debt repayments,” S&P said in its … Continue reading S&P Revises Kenya’s Outlook From Stable to Negative
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