| Published Wed, February 14th 2018 at 00:00, Updated February 13th 2018 at 21:44 GMT +3Cabinet Secretary of the National Treasury Henry Rotich. [Photo: Wilberforce Okwiri]Kenya’s planned eurobond issue got a boost after two ratings agencies contracted by Treasury gave it a positive outlook. S&P says the amount and interest rate, among other details of the bond, will be determined during the placement. Only Moody’s, an independent credit auditor, had indicated it could review Kenya’s credit downwards citing persistent deficits and high borrowing costs that continue to drive government indebtedness higher. Save for pricing, credit ratings have, however, diminished in influencing whether a bond gets taken up or not.
Source: Standard Digital February 13, 2018 21:00 UTC