Kenya's Debt Costs to Remain High Due to Local Borrowing, Moody's Says

Kenya's Debt Costs to Remain High Due to Local Borrowing, Moody's Says

Kenya's debt costs to remain high as government relies on local borrowing, Moody's says

Kenya's cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody's said on Wednesday, as the government leans on the domestic debt market to fund its budget shortfalls.

World Bank: Why Defaulting Is Not An Option For Kenya

World Bank Country Representative, Qimiao Fan, discusses Kenya’s debt burden, risk of default, and consequences.

Markets respond to Moody's credit downgrade

Financial markets showed significant movement following Moody’s recent credit downgrade, prompting questions about whether investors are overreacting to the news. SlateStone Wealth’s chief market strategist, Kenny Polcari, addressed these concerns during an appearance on Fox Business Network’s “Varney & Co.”The downgrade, which affected the U.S. credit outlook, sent ripples through various market sectors as investors reassessed risk profiles and…

Kenya: Rating Agency Says Cost Of Debt Servicing’ll Remain High Over Local Borrowing

By Enyichukwu Enemanna A U.S. rating firm, Moody’s, says Kenya’s cost of servicing its debts is expected to remain stubbornly high as government relies on the local debt market to fund its budget shortfall. “Kenya will rely predominantly on the domestic market to meet its fiscal financing needs with approximately two-thirds of its financing, or just under 4% of GDP per year, from domestic sources,” the agency said in an issuer report released on…

Kenya's debt costs to remain high due to local borrowing

The government will hold another round of talks with IMF officials in September in a bid to clinch the programme, the central bank chief Kamau Thugge said last month.