Kenya on Tuesday took advantage of the United Nations High-Level Political Forum (HLPF) to complain about perceived unfair appraisals by Credit Rating Agencies. The complaint by Kenya was registered a day after S&P Global threatened to downgrade Kenya’s credit score on August 23, due to political unrest witnessed in the country. Kenya's Deputy Permanent Representative to the United Nations Ambassador Njambi Kinyungu accused developed nations of biases in the sovereign credit rating system. Kenya's Deputy Permanent Representative to the United Nations Ambassador Njambi Kinyungu speaking at the UN on July 16, 2024. Moody’s, a global CRA, had at the onset of Kenya’s protests downgraded the country’s credit rating score.

Source: Daily Nation July 17, 2024 09:33 UTC