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Fitch changes Kenya view to negative
Fitch Ratings said it revised the outlook for Kenya to negative from stable and affirmed the government’s B+ issuer ratings.
The outlook revision reflects Fitch's view the “coronavirus shock will drive a sharp economic slowdown and deterioration in the budget deficit and government debt/GDP ratio in 2020, against a background of a weak track record of fiscal consolidation,” the agency said in a press release.
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