In this episode recorded on July 16, 2025, we are joined by David Rogovic, VP & Senior Credit Officer at Moody’s Ratings, for a deep dive into Kenya’s credit outlook.

We also cover factors that influence credit ratings, debt sustainability, political risk, and the impact of policy.

Subscribe to get notified when we make a new post.

Show Notes

00:00:00 Introduction

00:01:41 Understanding Sovereign Credit Ratings

00:02:39 Factors Influencing Credit Ratings

00:07:21 Kenya’s Credit Rating Overview

00:12:39 Fiscal Analysis and Insights from the Recent Visit to Kenya

00:24:25 Political Risk and Policy Impact

00:28:37 Debt Sustainability and Global Markets Access

00:35:47 African Sovereigns’ Perspective on Rating Agencies

00:38:34 Kenya’s Credit Outlook and Final Thoughts

Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe