Fitch Ratings says Kenya able to service long-term loans

Fitch Ratings on Tuesday affirmed Kenya’s ability to service long-term foreign loans, citing strong economic growth levels which will cushion her against budget deficits and external debt service pressures.

The New York-based credit rating has maintained Kenya’s credit score for long-term foreign-currency Issuer Default Rating (IDR) at B+ with a stable outlook high debt, implying that the country’s ability to meet her debt obligations remains satisfactory. Fitch and Standard & Poor's (S&P’s) are usually invited by the Kenyan government to assess risks in the economy such as gaps in the budget and value of cash outflows and inflows (current account).