Kenya downplays Moody's credit ratings downgrade

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National Treasury Principal Secretary Chris Kiptoo on March 6, 2023. PHOTO | LUCY WANJIRU | NMG

Kenya says last week’s credit ratings downgrade by Moody’s is not as dire as painted by the ratings agency. 

Treasury Principal Secretary, Dr Chris Kiptoo, says Kenya is due to receive about Sh578.0 billion worth of external financing before close of June 30, and there is no need to worry about the liquidity challenges that are being faced. 

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