ALSO READ: Why taxi drivers shun some estatesAccording to the data, Kenya had interest arrears of $83.5 million (Sh8.3 billion) on its pile of long-term debt in 2014. Interest arrears refers to part of a debt that is overdue after missing one or more required payments. All the same, it is not a good indicator for a country’s credit rating. Before the upward trend started in 2014, the country had begun reversing its interest arrears, boosting its credit rating. Fitch, another international rating agency, has also indicated that it could downgrade Kenya’s credit rating due to its debt position.

Source: Standard Digital October 25, 2017 16:44 UTC