African countries are expected to enjoy friendlier terms when borrowing to finance budget deficits this year as regional and global central banks ease their monetary policy, reducing debt affordability concerns for countries such as Kenya that have large upcoming payment obligations.
Global ratings agency Moody’s says that the expected lower interest rates have seen it revise its sovereign credit fundamentals outlook (different from a ratings outlook) for Sub-Saharan Africa (SSA) economies to stable, from negative last year.
