Headache for Kenya as Moody’s upsets with one notch downgrade
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Emerging MarketsAfrica

Headache for Kenya as Moody’s upsets with one notch downgrade

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Kenya will have its work cut out to reassure investors after Moody’s cut its credit rating by a notch on Tuesday. Rival bankers said the clash is poor planning, but the leads on Kenya’s upcoming roadshow said investors should be doing their own credit work, reopening the debate about the relevance of ratings agencies in emerging markets.

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