Standard & Poor’s rating of Kenya is conjecture

Central Bank of Kenya (CBK) building in Nairobi on March 8, 2017. FILE PHOTO | NMG

Unless you are a keen observer of Kenya’s public finance, it may have escaped you that Standard & Poor’s (S&P) — one of the three globally renowned rating agencies — has recently had some news for you.

It affirmed Kenya’s short- and long-term foreign and local currency sovereign credit ratings at “B+/B” with a stable outlook. 

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Note: The results are not exact but very close to the actual.