The opposition to proposed tax hikes impedes the government’s ability to increase revenue and reduce debt. Similar risks exist for other emerging market sovereigns too.
Guest: David Rogovic, Vice President - Senior Credit Officer, Sovereign Risk Group, Moody’s Ratings
Host: Scott Phillips, Head of Emerging Markets, Credit Strategy and Research, Moody’s Ratings
Related Research:
- Moody's Ratings downgrades Kenya's ratings to Caa1; maintains negative outlook
- Government of Kenya: Protests against Finance Bill's tax measures challenge government's fiscal consolidation strategy
- Government of Kenya: Kenya's IMF agreement bolsters short-term liquidity; fiscal consolidation is key to improving credit quality
- Sovereigns – Sub-Saharan Africa: 2024 Outlook - Negative on large debt maturities amid tight funding conditions