Kenya’s Credit rating to be downgraded -Moody’s

Global rating agency Moody’s has warned of possible downgrade of Kenya’s credit scores citing pressure from the country’s rising debts.

The agency said it had placed Kenya’s B1 rating on review for downgrade due to persistent deficits as high borrowing costs continue to drive government indebtedness higher, among other factors. Moody’s expects that Kenya’s government debt burden, which has risen to 56.4 per cent of GDP as of June — up from 40.5 per cent five years ago — will continue to rise due to persistently high primary deficits and borrowing costs.

“Pressure on the government’s primary balance, which posted a deficit of 5.3 per cent of GDP in the latest fiscal year ending June 2017, comes from elevated development spending and weak revenue performance.

Unless a decisive policy response is introduced, the upward trajectory in government debt will see debt-to-GDP surpass the 60 per cent mark by June 2018,” the agency said in a statement.

Moody’s noted that due to the erosion in government revenue intake in the last five years and increased recourse to debt from private sources on commercial terms, government debt affordability has deteriorated with statistics showing that in the latest fiscal year the government spent 19 per cent of its revenues on interest payments, up from 10.7 per cent five years ago.

http://www.businessdailyafrica.com/markets/Moodys-puts-Kenya-rating-on-review/539552-4123716-ykjvt6/index.html

siwes crik

zzzzzzzzzzzzzzzzz

Hapa ndio dynamic duo wametufikisha

Na Mungiki hapa wanajifanya hawaoni how these guys are fucking up the country.

Fixed.

dead beat country.

Meffi country.

meffi new villager

Meffi!
Meffi!
Meffi!
Meffi!

My vote will empower them for another 15 years. Donge.

And disempower you and your generations forever. Sounds like a plan.

Anything but kitendawili is the plan.

Brilliant. What’s even better is that at PRK and with all the natural resources and brains we will start at ZERO DEBT.

ati brains?

Tyranny of brains

just so we are crystal clear if the choice was between a dog and yule jamaa a canine it is.

he he he,just because of a few loudmouth professors ?

Great,yentl.

A brainless ewe has no choice though.

But just so you know your vote is immaterial as UOTP is an unstoppable reality.

NV Kaa hapa before I kick you to the curb.

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