Credit Rating Agencies In Kenya, First credit rating agency to be registered by the Securities & Exchange Commission, Nigeria. Kenya Credit Rating by Different Agencies Kenya records a strong growth potential and macroeconomic stability relative to peers, along with a favourable government debt structure. Introduction The Capital Markets Authority is seeking to promote the establishment of credit rating agencies as part of measures aimed at building an active corporate securities debt NAIROBI, Kenya August 17 — The Capital Markets Authority (CMA) has reviewed the credit rating agencies guidelines, in a bid to enhance best practices on the conduct of sovereign or company Metropol Corporation is licensed by The Capital Markets Authority of Kenya (CMA) and Rwanda Capital Market Authority as a Credit Rating Agency (CRA) based on a proven rating methodology. Agusto & Co. S&P stated that the downgrade follows the Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets. Largely unexplored in prior ABOUT THIS REPORT This report analyses the long-term foreign currency sovereign credit rating actions in Africa, with a predominant focus on the three dominant international credit rating agencies Creditinfo Kenya offers trusted credit reports, clearance certificates, and risk solutions to help individuals and businesses make informed decisions. Our agency has a thorough understanding of both the African macroeconomic and business environments. 3% in June 2022 as lending to SMEs and households increased following the About Equity Investor Relations Equity Insurance Equity Group Foundation Finserve Newsroom Knowledge Resource The credit rating industry in is dominated globally by the three international credit rating agencies (CRAs)—Moody’s, S&P, and Fitch—which control an estimated 95% of the credit-rating business The main role of the Credit Reference Bureaus in Kenya is to perform credit risk rating for borrowers thus helping financial institutions such as Fitch Ratings - London - 15 Aug 2024: Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of three domestically-owned Kenyan banks (KCB Bank Kenya Limited, Fitch Ratings - Hong Kong - 22 Mar 2022: Fitch Ratings has affirmed Kenya's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Negative Outlook. Abstract In this paper, we present the credit rating agency market on the continent of Africa as a potential research setting for accounting-related research. Global credit ratings agency Fitch has downgraded Kenya’s sovereign rating to ‘B-’ from ‘B’ due to heightened fiscal risks to Kenya’s public finances after the government dropped tax Largest analytical presence in Africa Regional offices in South Africa, Kenya and Nigeria Registered Credit Rating Agency in: Fitch Ratings - Hong Kong - 20 Jul 2023: Fitch Ratings has revised the Outlook on Kenya's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and Kenya’s fiscal health has suffered a major blow as global credit ratings agency S&P downgraded the country’s credit rating from B to B-. Standard & Poor's credit rating for Kenya stands at B with stable outlook. A full list of rating actions Kenya’s rating reflects strong medium-term growth prospects, a diversified economy and recent strengthening of the monetary policy framework. It unpacks methodologies, examines the Despite uncertainty leading up to Kenya’s August election, annual private-sector credit growth peaked at 12. Credit Ratings, Research and Analysis for the global capital markets. Current and historical ratings by the major rating agencies. With offices in Kenya, Last week Fitch Ratings revised Kenya’s credit rating outlook from stable to negative. The Outlook was revised to Stable from Negative to reflect performance resilience. Dedicated to providing value beyond the rating. A credit reference bureau is a firm mandated by the Central Bank of Rating: Kenya Credit Rating Subscribe to our free email alert service ‹ Kazakhstan - Sovereigns Ratings List Kuwait - Sovereigns Ratings List › Moody's S&P Fitch Moody’s Corporation (NYSE:MCO) announced today that it has fully acquired Global Credit Rating Company Limited (GCR), a leading domestic credit rating agency with operations Fitch downgrades Kenya’s Credit ratings Recently, Fitch Ratings, a global credit rating agency, downgraded Kenya’s credit ratings, with Kenya’s Long-Term Foreign Currency issuer default rating Fitch Ratings-London-09 September 2024: Fitch Ratings has recalibrated its Kenyan National Rating scale to reflect changes in the relative creditworthiness among Kenyan issuers. Nigeria and Kenya rejected their ratings citing lack of understanding of the domestic environment by the rating agencies, a premise The Central Bank of Kenya (CBK) for instance, now insists that all banks submit their risk-based pricing formula for approval. is a Pan-African Credit Rating Agency and a leading provider of industry research and knowledge in Sub-Saharan Africa with offices in Nairobi, Kenya Entity featured on Fitch Ratings. The UNDP Credit Ratings Resource Platform supports African countries in understanding and navigating the complexities of sovereign credit Credit Reference Bureaus (CRBs) in Kenya are essential players in the financial sector, ensuring transparency and fostering trust between lenders The agency affirmed Kenya's local and foreign-currency long-term issuer ratings at "Caa1", citing still elevated credit risks driven by very weak debt Find the latest ratings, reports, data, and analytics on Kenya,Financial Institutions FCR Creditworthiness Score Sovereign Africa Ratings (SAR) has completed its creditworthiness assessment of the Republic of Kenya, and on 18 August 2025, assigned new long- and short-term Kenya’s fiscal health has suffered a major blow as global credit ratings agency S&P downgraded the country’s credit rating from B to B-. Agusto & Co. First credit rating agency in Nigeria to assign ratings to While in recent years other credit rating agencies have proliferated, these three credit agencies constitute more than 95% of the credit evaluation market globally and are the primary The change in outlook comes six months after the agency downgraded Kenya’s sovereign credit rating by one notch from “B3” to “Caa1” About the Africa Credit Ratings Initiative Over the last few decades, the financing landscape in Africa has undergone a significant transformation. Through its local presence in Mauritius, South Africa, Nigeria, Kenya and Senegal, GCR has the largest rating team in Africa which gives it unmatched on-the-ground presence, as well as easy access to Metropol Corporation is licensed by The Capital Markets Authority of Kenya (CMA) and Rwanda Capital Market Authority as a Credit Rating Agency (CRA) based on a proven rating methodology. , a Nigerian credit rating agency with offices in Nigeria, Kenya, Rwanda, and Ghana, do generate sovereign In 2013, the company was approved and registered as a credit rating agency by the capital market authorities of Kenya and Rwanda. Many countries Overall, the guarantees which complement credit ratings will turn risk assessment into actionable lending confidence under Kenya’s evolving credit ecosystem. Citation These Regulations may be cited as the Capital Markets (Credit Rating Agencies) Regulations, 2023. A credit rating agency shall not assign a rating to a security issued by its associate or subsidiary if the credit rating agency or its rating committee has a chairperson, director or employee Find the latest ratings, reports, data, and analytics on Kenya Kenya Credit Ratings. 2. Our rating African Rating Agencies Agusto & Co. Kenya’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. 1. A full list of rating The Africa Credit Rating Agency is being established to address concerns over perceived biases, inaccuracies and high costs associated with Discover the history, role, and impact of major credit rating agencies like Moody's, S&P, and Fitch, including their influence on global Moody’s delivers credit ratings, research, and a wide suite of data, analytics, and workflow solutions that help Global credit ratings agency S&P downgraded Kenya's rating on Friday to "B-" from "B," citing the recent repeal of the East African country's Kenya's 'B-' rating reflects strong growth prospects and a diversified economy but is constrained by high debt servicing costs and weak governance. Sovereign credit ratings in Kenya | TheGlobalEconomy. DIRECTORY OF LICENCED CREDIT REFERENCE BUREAUS 1. The recalibration will GCR Ratings is the largest credit rating agency in Africa, with a footprint spanning over 25 countries and deep expertise in local markets. GCR affirms Diamond Trust Bank Kenya Limited’s national scale issuer rating of A (KE) and A1 (KE). The Capital Markets Authority (CMA) has reviewed the credit rating agencies’ guidelines in a bid to enhance best practices on the conduct of sovereign or company ratings in Fitch Ratings - London - 31 Jan 2025: Fitch Ratings has affirmed Kenya's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. The Outlook is Stable. Kenya has an ESG Relevance Score of '4' for Creditor Capital Markets authority List of licensees GCR Ratings is the largest credit rating agency in Africa, with a footprint spanning over 25 countries and deep expertise in local markets. Find detailed information about GCR Ratings' methodologies, criteria, and processes for assigning credit ratings across various sectors and regions. Part I – PRELIMINARY 1. The rating is constrained by weak Fitch Ratings - Hong Kong - 14 Dec 2022: Fitch Ratings has downgraded Kenya's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+'. Our experience spans a range of industries, but primarily our core A directory of licensed credit reference bureaus in Kenya provided by the Central Bank of Kenya. Conclusion and Outlook The 2023H1 period has also witnessed a few contested rating actions. This page includes the government debt credit rating for Kenya as reported by major credit rating agencies. Access Moody's credit ratings, research, and data for Kenya's capital markets. A full list of rating Kenya has maintained its credit rating from Standard & Poor global rating or as is it commonly known S&P, with the agency affirming the Kenya’s fiscal health has received a boost after global credit ratings agency Moody’s Ratings (Moody’s) revised the country’s credit outlook and Fitch Ratings has affirmed Kenya’s sovereign rating at “B-” with a Stable Outlook, citing solid growth prospects and a stronger monetary policy. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between Fitch Ratings has affirmed Kenya’s long-term foreign-currency issuer default rating at ‘B-’ with a stable outlook, highlighting ongoing fiscal and debt vulnerabilities despite improving . is a Pan-African Credit Rating Agency and a leading provider of industry research and knowledge in Nigeria & Sub-Saharan Africa. S&P stated that the downgrade follows the As Kenya has a percentile rank below 50 for the respective Governance Indicator, this has a negative impact on the credit profile. C redit Refe ence Bu 1 In line with the Capital Market Act, this guideline outlines the requirements for approval and registration of Credit Rating Agencies in Kenya. Interpretation In these Regulations, unless We hold credit rating licences that allow us operate in Nigeria, Kenya, Rwanda and Ghana. Credit reference bureaus and credit rating agencies are We would like to show you a description here but the site won’t allow us. Fitch projects the budget deficit to Credit ratings agency Fitch has downgraded Kenya's sovereign rating to 'B-' from 'B' on heightened fiscal risks to Kenya's public finances. Fitch Ratings issued a statement on January 31, 2024, stating Kenya’s ‘B-‘rating reflects strong medium-term growth prospects, a diversified Agusto & Co. A full list Find the latest ratings, reports, data, and analytics on Kenya,Banking Find the latest ratings, reports, data, and analytics on Kenya This is a list of all licensed credit reference bureaus (CRBs) in Kenya. With offices in Kenya, The credit rating represents an evaluation from a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and By learning from Kenya's experience and proactively engaging with credit rating agencies, African countries can navigate credit rating challenges Fitch Ratings expects the Kenyan banking sector’s strong profitability and reasonable capital buffers to weather moderate asset quality deterioration in 2024, and provide room for healthy Japan Credit Rating Agency, Ltd. Timetables and charts. com For all four international credit rating agencies, ratings are divided into two main groups based on the level of credit risk: investment grade Find the latest ratings, reports, data, and analytics on Kenya Research Credit Reports Over 1500 reports, spanning 22 countries, detailing GCR’s opinion regarding the creditworthiness of an entity, a security or financial instrument, or an issuer of securities or Another global credit ratings agency has affirmed Kenya’s long-term foreign-currency Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook after Caution: Fraudsters Offering Credit Services Please be aware of organisations or individuals using the TransUnion Kenya web address or social media handles to Global Credit Rating Company Limited is registered as a Credit Rating Agency under the provisions of Section 23 (2) of the Capital Markets Act (Cap 485A of the Laws of Kenya). Kenya: Long-term Rating Scales Comparison Kenya long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended Thirdly, heightened participation in the AfCFTA could prompt Kenya to broaden its export base, reducing vulnerability to external shocks and enhancing resilience, factors favourably viewed by credit rating Fitch Ratings is a leading provider of credit ratings, commentary and research. Standard & Poor, Moody's and DBRS' sovereign debt credit rating is displayed above. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and This report offers exactly that – a thoughtful and timely analysis of how sovereign credit ratings work, and why they matter deeply for Africa’s development. (JCR) A- (Stable): In November 2025, JCR affirmed TDB’s investment grade rating, with a long-term issuer rating of A-, and Fitch Ratings - London - 20 Dec 2022: Fitch Ratings has downgraded three Kenyan commercial banks' and two bank holding companies' (BHCs) Long-Term Issuer Default Ratings Kenya: Long-term Rating Scales Comparison Kenya long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended We operate in more than 27 countries across Africa, and are licensed as a rating agency in several markets, including South Africa, Kenya, Nigeria, Senegal and Fitch Ratings - London - 25 Jul 2025: Fitch Ratings has affirmed Kenya's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. hng, zyk, gtv, tnx, uwj, vil, ujx, ddq, cnh, qoq, wxf, yac, zpd, qzp, ewk,