S&P lifts Kenya outlook to positive

Standard & Poor's said it revised its outlook on the Republic of Kenya to positive from stable.

At the same time, the agency said that the B long-term and short-term sovereign credit ratings were affirmed.

S&P noted that the outlook revision reflects the grand coalition government's tentative success in continuing the growth-enhancing reforms and relatively prudent macroeconomic policies of the previous government, which is expected to ease Kenya's economic recovery and improve medium-term growth potential.

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