So Moody Downgrading Kenya and Equity

[Omollo]

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Where is HK to give me the Kikuyu angle?

[Nefertiti]

Massive foreign debt & political uncertainty (elections). Kinda obvious, isn't it?

[Omollo]

Massive foreign debt & political uncertainty (elections). Kinda obvious, isn't it?

I don't think so

Moody's Investors Service has today placed the B1 long-term issuer rating of the government of Kenya on review for downgrade.

The decision to place the rating on review for downgrade was prompted by the following key drivers:

1) Persistent, large, primary deficits and high borrowing costs continue to drive government indebtedness higher

2) Government liquidity pressures risk rising in the face of increasingly large financing needs

3) Uncertainties weigh over the future direction of economic and fiscal policy, in part due to evolving political dynamics

Moody's review will focus on assessing:

1) The country's medium-term fiscal trends, and the likely policy response to ongoing budgetary pressures

2) The effectiveness of the government's medium-term financing plan in managing liquidity risks

3) The government's overall credit profile relative to similar-rated peers

[Nefertiti]

Massive foreign debt & political uncertainty (elections). Kinda obvious, isn't it?

I don't think so

Moody's Investors Service has today placed the B1 long-term issuer rating of the government of Kenya on review for downgrade.

The decision to place the rating on review for downgrade was prompted by the following key drivers:

1) Persistent, large, primary deficits and high borrowing costs continue to drive government indebtedness higher

2) Government liquidity pressures risk rising in the face of increasingly large financing needs

3) Uncertainties weigh over the future direction of economic and fiscal policy, in part due to evolving political dynamics

Moody's review will focus on assessing:

1) The country's medium-term fiscal trends, and the likely policy response to ongoing budgetary pressures

2) The effectiveness of the government's medium-term financing plan in managing liquidity risks

3) The government's overall credit profile relative to similar-rated peers

I read debt & political uncertainty...

[Mr Mansfield.]

https://www.moodys.com/research/Moodys-places-Kenyas-B1-rating-on-review-for-downgrade--PR_373279

Not news this just happens everyday in financial markets,Moodys (analytics) just do this to ensure that lenders ask for more interest...Kenya annual revenues are a little over 1.2TN,We spend i think 1/4 of that to service our national debt annually which means that we just cannot default,the revenues are rising by over 10% annually good progress,

Without Prejudice.

[Omollo]

Gathara calls this Dumbussy

What happens "everyday"?

https://www.moodys.com/research/Moodys-places-Kenyas-B1-rating-on-review-for-downgrade--PR_373279

Not news this just happens everyday in financial markets,Moodys (analytics) just do this to ensure that lenders ask for more interest...Kenya annual revenues are a little over 1.2TN,We spend i think 1/4 of that to service our national debt annually which means that we just cannot default,the revenues are rising by over 10% annually good progress,

Without Prejudice.