Moody’s Investors Service has downgraded Kenya’s local currency (LC) ceiling to B1 from Ba3. The credit rating company has also downgraded the government’s credit rating from B3 to Caa1.
This move reflects a significant shift in the country’s economic outlook and carries important implications for the nation’s financial health.
In this article, we will look at the downgraded local currency (LC) ceiling and how it will impact citizens & businesses.
Source: TRADE FINANCE
