Moody's rates Kenya B1

Moody's Investors Service said it assigned local and foreign currency issuer ratings of B1 to the Government of Kenya.

The outlook is stable.

Moody's said the ratings reflect: (a) The resilience of the Kenyan economy as a result of ongoing structural changes, which over time should boost the country's still low wealth levels; (b) the government's commitment to institutional reforms, which should reduce longstanding political risks; (c) the low government financial strength, as reflected in relatively high debt levels; and (d) the country's vulnerability to a variety of political, external and security risks.

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