| Published Thu, February 22nd 2018 at 12:45, Updated February 22nd 2018 at 13:05 GMT +3Cabinet Secretary Treasury Henry RotichNAIROBI, KENYA: The government has raised Sh200 billion Eurobond despite credit downgrade report from Moody and delayed access to standby credit facility from the International Monetary Fund (IMF). ALSO READ: Kenya starts dollar bond sale after IMF says access to credit facility blocked“The fact that we got $14billion in investor appetite reflected the continued support the country receives. Last week, credit ratings agency Moody’s downgraded Kenya’s debt rating to B2 from B1 while officials were in the middle of the bond roadshow abroad, angering the government. “On 08 February 2018, a rating committee was called to discuss the rating of the Kenya Government. ALSO READ: Accountants add voice to Kenya's debt debate“People are worried about debt-to-GDP ratios and they want to see a stronger language about how this will be addressed,” he said.

Source: Standard Digital February 22, 2018 09:50 UTC