S&P Global Ratings lowered Kenya's sovereign credit rating outlook to ‘B’ from ‘B+’ and assigned a stable outlook on March 5th 2021. The agency said that despite a deal with the International Monetary Fund and backed by World Bank support, a sharp slowdown in GDP growth in 2020 tied to the coronavirus pandemic, and a consequent rise in fiscal deficits, will weigh on Kenya's already weak public finances and external debt metrics. Moody's credit rating for Kenya was last set at B2 with negative outlook. Fitch's credit rating for Kenya was last reported at B+ with negative outlook. . In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Kenya thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Kenya as reported by major credit rating agencies.