Moody’s has upgraded Kenya’s sovereign credit rating to B3, the highest level since July 2023, citing a decline in near-term default risk and improvements in external liquidity, foreign-exchange buffers and market access.
The global ratings agency raised the rating from Caa1 to B3, six notche
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Bunmi Bailey
Bunmi holds a degree in Economics from the University of Lagos and has over eight years of experience in content writing and journalism.
Her career spans roles as a financial and business journalist at BusinessDay Media and TechCabal, and as Head of Research at SBM Intelligence, an Africa-focused market intelligence and strategic consulting firm.
She also served as Editor at Finance in Africa, a subsidiary of Businessfront and is currently Assistant Editor, Finance (Africa), at BusinessDay.
