Cost of a comment: How Kenya lost Sh15b after Moody's misstep

Kenya lost at least Sh15 billion as a direct result of adverse commentaries and rating actions by Moody’s Ratings, a confidential African Union policy brief has calculated.

The revelation highlights a vulnerability that has pushed President William Ruto’s to seek reforms of the global credit rating system.

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Kenya lost at least Sh15 billion as a direct result of adverse commentaries and rating actions by Moody’s Ratings, a confidential African Union policy brief has calculated.

Follow The Standard
channel
on WhatsApp