.

The East-African country has been struggling with heavy debt and has been looking for new lines of financing since last year due to the country’s tax hike.

The cost of housing finance has started to decline in the middle of a financial cycle rush and this can be sustained if the Kenyan government effectively targets piscise options, opening the doors for external fundoing option, the report says.

“Given low inflation and a stable exchange rate, there is potential for further reductions in borrowing costs in the detail of borrowing costs,” Moody said.

The agency added that a new Montuder Monetary Monmental Fund program will boost Kenya’s external funding while other multilateral creditors such as the World Bank will continue to provide significant financial funding, even without the funding of IMF.

The agency certified by the local and foreign time dispuer issuances in Kenya in “CAA1”, still citing the credit risks run by the fund options.