Kenya’s fiscal landscape has deteriorated significantly, with global credit ratings agency S&P downgrading the country’s sovereign credit rating to “B-” from “B.” This marks the third such downgrade since June, following similar actions by Fitch and Moody’s. Moody’s downgraded Kenya’s credit rating to junk status in July, while Fitch downgraded Kenya’s sovereign rating to “B-” … Continue reading Kenya Faces Mounting Debt Crisis as Credit Ratings Plummet