S&P upgrades Kenya’s credit to B

Published: 29 Aug, 2025 14:16 Sources: S1 S2 S3 Category: Business Language: English Country: Kenya

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S&P Global has upgraded Kenya’s long-term sovereign rating from B- to B following improvements in exports and high levels of diaspora remittances. The 2025 growth is anticipated to be 5.6, higher than the governmental forecasts. The future is also considered to be stable, although there are difficulties with fiscal consolidation.