Report of the African Peer Review Mechanism Technical Support Mission on International Credit Ratings - Republic of Kenya

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March 11, 2022

In line with Decision Assembly/AU/ Dec.631(XXVII) of the 28th Ordinary Session of the African Union (AU) Assembly of Heads of State and Government, the African Peer Review Mechanism (APRM), an autonomous entity of the AU, supports Member States to improve their international credit ratings. As part of the mechanisms of support, the APRM undertakes technical support missions (hereafter called “mission”) to countries to assess the challenges faced in engaging international credit rating agencies (ICRAs), in reviews and in implementing review recommendations. The mission’s further aim is to identify key success factors and good practices that could lead to positive rating outcomes, for the purposes of peer-learning and experience sharing with other countries.

This report thus makes recommendations for implementation by relevant stakeholders in Kenya.