| Published Thu, September 14th 2017 at 19:33, Updated September 14th 2017 at 19:38 GMT +3Fitch currently rates Kenya as B+ with a negative outlook. Photo: ReutersFitch Ratings’ negative outlook on Kenya’s sovereign debt could be withdrawn if a re-run presidential election goes “relatively” smoothly and debt to GDP levels fall, Fitch said on Thursday. Fitch currently rates Kenya as B+ with a negative outlook, and this has not been altered since the decision by the Supreme Court to nullify the presidential election, citing irregularities. ALSO READ: Creditors come knocking as Kenya heads to presidential electionA new election has been tentatively scheduled for Oct. 17. “If the second election goes relatively smoothly and ... if they achieve a decline in their debt to GDP levels it could lead to a withdrawal of the negative outlook,” said Jan Friederich, a Fitch analyst for the Middle East and Africa.

Source: Standard Digital September 14, 2017 16:30 UTC