Global ratings agency S&P Global Ratings has upgraded Kenya’s long-term sovereign credit rating from B- to B, citing improved near-term liquidity risks and robust foreign exchange reserves bolstered by strong exports and diaspora remittances.
Despite challenges such as increased U.S. tariffs and slow fiscal consolidation, S&P projects stable growth for Kenya, which is now expected to hit a 5.6% GDP growth in 2025—higher than previous forecasts of 5.3%.
This upgraded rating is a timely boost for Kenya’s fiscal credibility, reducing borrowing costs and easing debt servicing burdens amid the steady expansion of economic activity.
Tags: Kenya credit rating B, S&P upgrade Kenya, Kenya economic outlook, exports and remittances Kenya, investor confidence Kenya, GDP growth 2025
