Agency now warns of Kenya’s rating threat from locust invasion

The locust infestation is credit negative for agriculture-dependent countries. FILE PHOTO | NMG

The invasion of Kenya by locusts could reduce the international creditworthiness of the country with a decline in agricultural production, credit rating agency Moody’s says.

In a new report, the agency said that infestation of desert locusts was a negative not only for Kenya but also for other countries in eastern African including Ethiopia and Somalia.

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