{"id":8131,"date":"2020-02-18T10:26:47","date_gmt":"2020-02-18T07:26:47","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=8131"},"modified":"2026-01-11T05:30:52","modified_gmt":"2026-01-11T05:30:52","slug":"agency-now-warns-of-kenyas-rating-threat-from-locust-invasion","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2020\/02\/18\/agency-now-warns-of-kenyas-rating-threat-from-locust-invasion\/","title":{"rendered":"Agency Now Warns Of Kenya\u2019s Rating Threat From Locust Invasion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The invasion of Kenya by locusts could reduce the\ninternational creditworthiness of the country with a decline in agricultural\nproduction, credit rating agency Moody\u2019s says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a new report, the agency said that infestation of\ndesert locusts was a negative not only for Kenya but also for other countries\nin eastern African including Ethiopia and Somalia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A credit negative assessment means there remains\npotential for the credit rating to fall and future loans to be more costly and\ndifficult to get.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kenya creditworthiness stands at B2, having fallen a\nnotch (from B1) in early 2018 on account of high public debt, fiscal deficits\nand weak institutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe locust infestation is credit negative for\nagriculture-dependent countries, particularly Ethiopia, Kenya and Somalia,\nwhich have so far been most affected (the latter declaring a national\nemergency). Rain over the next six months could compound the crisis given the\nlocusts&#8217; sheer numbers and voracious appetite for important crops,\u201d says\nMoody\u2019s. <a href=\"https:\/\/www.businessdailyafrica.com\/markets\/marketnews\/Kenya-s-rating-threat-from-locust-invasion\/3815534-5459380-qfi0uv\/index.html\">Read\nmore&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The invasion of Kenya by locusts could reduce the international creditworthiness of the country with a decline in agricultural production, credit rating agency Moody\u2019s says. In a new report, the&hellip;<\/p>\n","protected":false},"author":3,"featured_media":8132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-8131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/8131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=8131"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/8131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/8132"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=8131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=8131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=8131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}