Kenya’s Sovereign Credit Rating Upgraded to ‘B’ by S&P on Stronger FX Reserves

Major boost for Kenya as global agency upgrades country’s credit rating on RUTO’s economic policies

Saturday, August 23, 2025 - Kenya has received a major boost after global rating agency S&P upgraded the country’s long-term sovereign credit rating from ‘B-’ to ‘B’, citing reduced near-term external liquidity risks and improved economic management under President William Ruto’s policies.The United States-based agency announced on Friday, August 22nd, that the decision reflects growing confidence in Kenya’s ability to meet financial obligations…

Kenya’s sovereign credit rating upgraded to ‘B’ by S&P on stronger FX reserves

NAIROBI, Kenya, Aug 22 — Global credit rating agency S&P has upgraded Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing stronger foreign exchange reserves and easing near-term external financing risks. The agency highlighted robust export receipts and remittance inflows as key drivers behind the upgrade. “Robust export earnings and diaspora remittances have strengthened Kenya’s FX reserves position, helping to ease liquidity ris…

S&P upgrades Kenya's credit rating to 'B' on easing liquidity risks - Kahawatungu

Global credit ratings agency S&P upgraded Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-‘ on Friday, citing reduced near-term external liquidity risks. Robust export earnings and diaspora remittances have bolstered Kenya’s foreign exchange reserves, helping ease pressures related to high external imbalances, the rating agency said in a statement. S&P expects Kenya’s solid economic growth and improved liquidity outlook to offset pressu…

Why Global Agency Has Upgraded Kenya's Credit Rating To 'B'

The Kenya Times ~ Trending, Breaking News and Videos Why Global Agency Has Upgraded Kenya’s Credit Rating to ‘B’ Global credit ratings agency Standard & Poor’s (S&P) has upgraded Kenya’s long-term sovereign credit rating from ‘B-’ to ‘B’, citing a significant reduction in near-term external liquidity risks. The agency, in a report on Friday, August 22, also reaffirmed the country’s outlook as ‘stable’, reflecting confidence in Kenya’s ability to…