In this episode, recorded on February 4, 2026, we deep dive into Kenya’s recent Moody’s rating upgrade with David Rogovic, VP & Senior Credit Officer at Moody's Ratings.

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Show Notes

00:00:00 Introduction

00:03:27 Methodology in Ratings

00:06:59 Kenya’s Upgrade Explained

00:10:18 FX Reserves, KES Stability, Market Access, and Buybacks

00:16:51 Securitization, Domestic Borrowing, and Revenue Risks

00:25:16 Outlook and Key Risks

00:29:04 How does Kenya compare to Peers on Debt Distress?

00:32:09 Public Private Partnerships and the Macro-Micro Divide

00:37:31 ESG Scores and Ratings Withdrawal

00:41:24 Key Takeaways and Closing Remarks

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