The government has revealed the formation of a fully operational, government-funded Credit Rating Committee that will lead Kenya’s credit rating program and enhance engagement with international rating agencies.
National Treasury Cabinet Secretary John Mbadi said the new committee will oversee credit rating management, hence ensuring that credit rating is deeply ingrained in the country’s economic priorities and is backed by institutional capacity.
“The Credit Rating Committee will bring the credit rating agenda home in Kenya, adjusting it according to national priorities and maintaining trust through good practice institutional frameworks,” said Mbadi.
Indeed he argued that credit ratings are instrumental in setting the borrowing cost for developing economies and therefore there should be open, consistent communication and well-coordinated engagement with the global credit rating agencies.
Mbadi went on to say that the better credit rating for Kenya that was achieved lately was because of fiscal reforms, the Finance Act 2025 in particular, which led to tax compliance and thereby investor confidence.
The move is likely to give Kenya enormous fiscal credibility and offer a well-organized platform for managing sovereign credit ratings as the country is working to draw more investment and stabilize its financing costs.
