Kenya Downgraded | Moody’s cuts Kenya’s credit rating after Finance Bill rejection
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- เผยแพร่เมื่อ 8 ก.ค. 2024
- Kenya debt rating has been downgraded further into junk territory by global rating firm Moody’s. The country now sinking into the Caa1 category which means a Very High Credit Risk, reflecting a higher risk of default. Moody’s Rating now says that the country’s outlook is largely negative and an upgrade of Kenya’s rating is unlikely in the near future
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This clearly explains who the makers of the budget were
IMF loans to corrupt countries come with nasty terms ask pakistan
And they are pissing themselves coz their plan backfired.
@@Play_Streams you are blaming imf and yet it is your country that has refused to fight corruption
@@eduwino151 We are blaming the IMF because it is at fault. African leaders have followed IMF advice for over 50 years and are still in debt. It is clear at this point that the IMF's goal is not to help develop but to keep countries in perpetual debt.
@@eduwino151at least you have a brain.
These people are crazy 🤣
This is our Country not Moody's ...viva Kenya💯
Viva
Kenyan's currency will garbage.
We have corrupt leaders who want to keep borrowing, increasing taxes and spending... This was inevitable
We don't need to borrow anyway, if we clean up corruption.
Exactly
exactly...we have more trhan enough to thrive..borrowng has always been a political elite stealing of public funds strategy
Agreed. The exposed th blast few days is evident of how rich Kenya is and might be able to meet their debts
IT is what it is, you can't connive to make us suffer by taxing us to death.
💯
Exactly
Taxing people is not the only way to raise revenue
Moody must go!
Truth hurts eh?
😂😂😂wewe
@@drewbernard208 moody hurts. It must go.
This country is always in crisis. We can't catch a break due to these kleptocrats
They didn't get to those positions by themselves.
In future, Kenyans really need to interrogate who they elect to those positions of power.
Due to these kleptocrats you voted for in your tribalism and brainwashedness
Let's join BRICS and align with development partners with similar interests not those seeking to impoverish us and ruin us.
Makofi👏
Yes, because South Africa has been booming ever since it joined 😂. There is only one way out of this for Kenya.....cut spending or raise taxes. The bill always comes due and denying that fact will lead you to become Zimbabwe.
nope, we cannot go twerk for russians and the chineese, thats just serving a different master
They west still thinks they call the shots...yet they know they can't stop what is written
Good, no borrowing, let's truely live within our means. Remove ghost workers, reduce overrepresentation, reduce the bloated wage bill, reduce wastage, stop overpricing government projects, increase efficiency, put money in production so that it grows instead of expenses with no returns. Stop giving money in churches or harambees unless you are giving it to every Kenyan in need.
Its Ok to downgrade. Call us a debt risk, so that no more debts are given for politicians to eat. Even those debts we never got so we shouldn't pay.
The case of not seeing the lives behind those numbers. We don't need your loans if you want everyone behind those numbers to suffer
Huwezi elewa
World politics at play ........
We do not have to borrow ,
Let's live within our means
Wait until you start feeling the heat. Mahali tumefikia we cannot survive without borrowing.
Someone tell Moody, the mood is not mooding!
Now we can see the people who were influencing our careless tax hikes.
Who appointed/elected moody??? Neo colonialism will never end
Neo colonialism will never end because some African (and wanna-be diaspora types) will always need an excuse.
No country survive alone in the whole world. But huwezi elewa
@@evansouma4333 who told you we are alone,we have our otrher African countries that we can trade with...nonsense
@@kinganthonygrounoe7625 if you reason like this then you are stupid
@@evansouma4333 we got BRICS, why do always have to carry a bakuli to beg to the neo colonizer for their amusement???
Moody a worry
😂😂😂😂😂
@@clintonadendi964 🤣🤣🤣😂 Kenya my country, I can't deal haha
We will rise, we need to fix the system, we will even lower the taxes so that we can afford to pay as a people. Finance bill cannot supersede the people's concern, Moody's, we are resetting.
Effective from when?
Huwezi elewa baba
God help us.....
@@evansouma4333sa si uexplain kuliko uende kila comment na kujifanya expert?!
Maybe Kenya needs to hit rock bottom before the much needed reset. Coz we lack leadership that can make the tough calls.
Well said
Yup!
Why is Moody's so moody
😂
Next ni micro chipID.
Those who took the money 🤑💰 should be asked to pay. Eurobond debt never came to Kenya so we cannot pay.
Don't believe them. They have vested interest 😢
Huwezi elewa
At this rate, let’s all deal with this. Those in high spaces have corrupted this great Nation 😢
We are on the right track...let them worry not.
We owe nobody any debt.. those debts are not anchored in our constitution, are not approved by parliament and didnt go to development. What did u check to give those loans that r one illegal and two a debt we were not able to pay as a people of kenya
Thats why they need to have public participation even during appropriation of budget that way they can negotiate for the loans from a point of knowledge......these secrets when there dealing with public money is ......
They need to go after whoever they gave their money 💰 to. We are okay with China debts as a country because we can see evolution on our infrastructure
The level of financial illiteracy among the Kenyan electorate is alarming!
Why don't we make a budget that we can finance?
Si tuwekwe CRB roho safi ask akina tala about the ground. Tusilipe any loans hata
Let them keep their money and the government should not borrow and if it does let those share it among themselves pay. 99% of Kenyans never benefit from this loans.
ask Ruto and uhuru kenyatta
There’s money in Kenya, prosecute the corrupt government officials and politicians! Our government is our biggest impediment, we need a new government and new system of governance! As it stands, we have what Americans call big government!
Prosecution hua haifiki mbali, once there's evidence they should be indepted, mtu alipie all that he took, that's the only way we can recover lost money.
The MZUNGU is the enemy
We don't want any loan at the moment until we repay the previous ones. We will come to Moody's later
Debt trappees😮
make kenya competitive,let the youths make money online without taxes,you will get them through Vat.also bring a vibrant derivatives market in nse,instead of youths betting on sports.
Infact we want lower credit score because it all end up in corrupt leaders. Why can't government start production and manufacturing instead of nonsense debt and killer taxes
How come this downgrade has not affected the exchange rate?
It will definitely weaken the Kenyan shilling. Msipochunga we will face a very serious hyperinflation crisis that Ruto tried so much to pull us out when he assumed office.
when the masters (IMF) dont get their way they will fuck up the country economically ...this is just the beginning my fellow kenyans hold on tight its not gonna be a smooth sail.b hope tutatoboa
Nobody is f&&cking up our country, it is the so-called Gen-z's that are fucking up their own country. They think they are so clever and everyone else is a fool. Ngojeni tuone mahali mtafikia
Increase production ... can someone please tell this to our politicians, our president. They seem to be totally unaware of this fact.
Not easy us you say it
@@WillisAli they tried increasing tax on imports and you still rejected their proposal.
But the 'clever' Gen-z rejected the finance bill that would have increased production
Where are our Elon musk n gates to create jobs
And the vultures begin to circle
Now media is happy after praising gen-z madness
I HOPE THE RATING WAS ZERO. ENOUGH WITH THE DEBTS
A culture of Greed and politician worship...
We can't allow borrowing and looting the borrowed....
Unbelievable. Ruto's high borrowing rate is sinking Kenya deep in a hole, auctioning our country.
Wakenya tuko CRB na hatutishiki. What is Moody's? We'll find a way through this.
We’re going in the right direction
Just the IMF trying to bend our arms
We can do harambees for our loans instead of someone giving out 20M at once.
This harambess can help us in paying our debts
They should go to whoever they gave the debts and ask back their money. They have enough assets to sell and pay back. Which common Kenyan was told that we as a country we are going taking debts , we as a country will use the debts in this and that way, and that we will pay back in this manner? Who?
At least we can say yes to paying china's debts because we can actually see what the money was used for. Some if not all 😢
Neocolonial systems
Right we don't want any more loans
Neo-colonialist must react. They want things their way. Now should Kenya be forced to take taxes so that we can please them.
Its time for Kenya to think beyond.
those are facts from Moody sadly, kenya is not capable of repaying the loans, and kenyans dont seem interested in repaying loans
President Kibaki never fell for the West debt trap. There was better circulation of money in the economy coinciding with best ever economic growths. Remember, that's when KRA was collecting 0
What is the essence of this rating when we have rampant corruption and inequalities...at times we need to have a reset and drain the swamps...Better governance shall take us to greater heights, we need to emulate south Korea and Singapore...our country needs to work, we need prosperity...Otherwise, moody is just a measuring standard and don't be obsessed with measuring standards as you may forget to address the underlaying problems...Any obsession with measuring standards as usual erodes the critical observation of what is being measured and its environment
Ask this ex president and current to pay money we never asked for ... They over borrowed yet not in our constitution...sisi sio wajunga buana
Now we see who was really behind the finance bill. We refuse to be Breton Wood slaves.
If they are so good where is the US placed because it has a 34 trillion dollars in debt, if the US is above Kenya then hii ni upuzi tu
An economy that can sustain the payment of that debt is what is rated not amount of debt. Same as if you want a loan from the bank.
Infact we dont need credits we have enough money tge president uses 18 b in travelling and so are his government officials so why will we need help
So what is the truth when experts have said we have paid off most of the approved 1.3tn we owe ? What other loan are they discussing about? Let Uhuru pay the one he took !!!
Tutaahama Kenya haki imeuzwa😅
Is Moody's rating relevant to a country anymore? BRICS just released their global payment system and countries are de-dollarizing around the world, Moody should just downgrade itself instead of targeting countries.
They trap you into debt ....with shortsighted leaders &preprogrammed economists once in the debthole moody and the likes downgrade you and seize your assest for peanuts(karibu na bure).( Eventually it's we the Kenyan people who will loose. Those who put us in debt are nowhere to be seen .
It is surely moody and we are not ready for them demons.
Like we Kenyans care what Moodys think. They are not God
Why should African countries, with all their resources, depemd on foreign powers for their finances?
It's our greedy and corrupt politicians.
They are Free to leave bwana ama tuwa salamia pia 😅
This credit rating is a tool by IMF and WB to punish countries who do not comply with them. So I would not pay too much attention to them. We must just live within our means and we will pull through this. No problem!
You rejected the finance bill, be prepared for tough times ahead. Ngoja Kenyan shilling iweaken ndio prices of goods zipande ndio mtatia adabu
how do we know that moody is not working for imf
Tell them not to come back
Moody is just moody,,,,,, don't mess with judah
Let Kenyan youth go into cryptocurrency,as many nations are doing
There is no credit in taking credit.
El Salvador, Nigeria and Egypt economies are in the same category as Kenya
Moody’s Is clueless! Credibility rating agency my foot!
Foreign policy ruining our Cou try
I don’t know how the ring(less) hand shot aligns with the subject but hey.. gotta help someone out… 😂
😂😂
Consequences.
Genz are ready for future default,hawaogopi
Ooh nilidhani ni Moody Auwori anapinga finance bill.
😂😂😂😂mtanivunja mbavu... really 😂
this is for the best.We need to find other ways to make money
All this cus kenyans refused the additional ksh 347b?? Which half will be supplemented by expenditure cuts Lol
Izo contacts za moody zikuje tuwasalimie😊
Tuumie ju ya rating f that shit...
Its a foul mood at Moody's .😂
Okwara, maybe try and be wise. Call in sick for some of these stuff 😂😂😂😂 you will not be a Panorama level reporting acting the part.
All these agencies and money lenders work together. One comes and loads you debt illegally, then things get shaky (as they are now), the other other shows up to 'rate' and tell everyone how bad you are doing. Meanwhile, the solution is their third friend 😂.....which includes more debt and conditions......read girl, read and research.
Moody's Rest in peace😂😂
Is it moody awori or moods just asking
Ata hawa Moody's wasalimiwe
Moody must Go!!!
Due to corruption
Moody is not trustebal ignor him
Why are you focusing on his hands? Nkt
i thought uncle Moody Awori
No one knows them, no one cares
Gen -Z...I'm sure mko na solution
Moody working with IMF knew very well we have a lot of coffee, tea, cobalt, gold etc. But atalenga ng'o
Long live Kenya
Starting afresh aint baf
We don't care imperialist
What moody???