The Business Daily spoke to David Rogovic, Vice President and Senior Credit Officer at global ratings agency Moody’s on the shape of Kenya’s macros amid the shock resulting from the US-Israel war on Iran.
Moody’s upgraded Kenya’s credit rating from “Caa1” to “B3” with a stable outlook in January, noting that the country’s near-term risk of default had fallen. Mr Rogovic reckons that factors giving rise to the ratings upgrade have provided strong buffers against the new shock.
