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Moody’s cuts Kenya debt rating further into junk territory

By Inquirer - 5 months ago
Nairobi, Kenya — Moody’s has downgraded Kenya’s debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. President William Ruto, facing the most serious crisis of his near two-year term, has announced a series of actions trying to placate Kenyans

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