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Treasury shrugs off credit downgrade as debt haunts Kenya
CS Treasury, Prof Njuguna Ndung’u, during a handover by permanent secretaries at The National Treasury and Economic Planning on December 6, 2022. PHOTO | DIANA NGILA | NMG
The Treasury has downplayed the impact of Kenya's poor ratings on its debt repayment capability, accusing global rating agencies of "subjectivity."
This comes as Fitch, one of the three global rating firms, slashed the country's credit score to the ‘highly speculative’ rating of B from B+, which is 'speculative.'
