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Forum => Kenya Discussion => Topic started by: Georgesoros on August 24, 2024, 01:55:36 AM

Title: What do you mean our credit is almost "junk status"
Post by: Georgesoros on August 24, 2024, 01:55:36 AM

That sucks.
Time to cut govt spending to match the revenue lost.
Cutting taxes will rejuvenate economy.

https://www.bloomberg.com/news/articles/2024-08-23/s-p-cuts-kenya-deeper-into-junk-after-repeal-of-tax-hikes?srnd=homepage-americas

Title: Re: What do you mean our credit is almost "junk status"
Post by: patel on August 24, 2024, 03:19:13 PM

2024 and 2025 it's going to be very tough economically. All indicators are pointing to government defaulting. Ndii has done the best he can v but I don't see any more wiggle room.

Title: Re: What do you mean our credit is almost "junk status"
Post by: sema on August 25, 2024, 03:34:03 AM

Quote

Ndii has done the best he can

Besides raising taxes what else has Ndii done? He refused to acknowledge that unless he can convince ruto to deal with the corruption, none of his ivory tower theoretical principles will work.

Title: Re: What do you mean our credit is almost "junk status"
Post by: Nowayhaha on August 25, 2024, 01:43:38 PM

Would be stupid to default when Kenya has big assets like KPA , Safaricom KAA etc .
Furthermore Kenyas debt went into pockets of individuals easy to get that money back ofcourse not by Ruto as he is an interested part like Kenyattas etc