On Oct. 14, 2016, S&P Global Ratings revised its outlook on the Republic of Kenya to stable from negative. At the same time, we affirmed our 'B+/B' long-and short-term foreign and local currency sovereign credit ratings on Kenya.
OVERVIEW
Kenya's economic growth performance and prospects remain strong, in our view, and both fiscal and external performance has improved recently.
We also note that the elevated risks seen toward the end of 2015, including the government's then very tight liquidity position, have eased.
We are therefore revising the outlook on Kenya to stable from negative and affirming our 'B+/B' ratings.
The stable outlook reflects our expectation that over the next year strong growth prospects and more benign government financing conditions will facilitate fiscal consolidation and contain increases in external indebtedness.
