Credit Rating
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IMF Team in Kenya to Assess Economic Risks of Tax Protests
An International Monetary Fund (IMF) delegation has arrived in Kenya to assess the economic fallout from a recent court ruling…
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Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
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GCR Upgrades ShafDB’s Long, Short-term Issuer Ratings to B
South African rating agency GCR, has upgraded Shelter Afrique Development Bank’s (ShafDB) international scale long issuer rating to B from…
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Gen Z Anti-Tax Protests Forces Moody’s to Downgrade Kenya’s Rating to Caa1
Moody’s Ratings (Moody’s) has downgraded Kenya’s local and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings to Caa1…
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KCB Bank Raises its Base Lending Rate to 15.6%
The Kenya Commercial Bank (KCB) has announced an upward revision of its base lending rate to 15.6% per annum. The…
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Metropol Takes Part in Discussion to Operationalise Africa Credit Rating Agency in Lusaka
Metropol Corporation Limited took part in the ongoing discussions to operationalise the Africa Credit Rating Agency in Lusaka, Zambia to…
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Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond
Kenya has made an offer to buy back its $2 billion Eurobonds that will mature in June and revealed plans…
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Kenya Eyes Capital Markets to Repay $2 Billion Eurobond
Kenya is exploring the option of tapping the international capital markets to help fund the repayment of a $2 billion…
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Ivory Coast Raises $8 Billion in Oversubscribed $2.6 Billion Bond Offering
Ivory Coast has made comeback to the international bond market, issuing its first dollar bonds since 2017 and managed to…
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Egypt in Debt Crisis as Moody’s Cuts Outlook
Egypt is facing a deepening economic crisis as its credit outlook was downgraded by Moody’s and its currency plunged to…
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