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Fitch could stabilise Kenya's rating if election re-run goes smoothly

Fitch currently rates Kenya as B+ with a negative outlook. Photo: Reuters 

Fitch Ratings’ negative outlook on Kenya’s sovereign debt could be withdrawn if a re-run presidential election goes “relatively” smoothly and debt to GDP levels fall, Fitch said on Thursday.

Fitch currently rates Kenya as B+ with a negative outlook, and this has not been altered since the decision by the Supreme Court to nullify the presidential election, citing irregularities.

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