Inside Kenya's Moody's Rating Upgrade

In this episode, recorded on February 4, 2026, we deep dive into Kenya’s recent Moody’s rating upgrade with David Rogovic, VP & Senior Credit Officer at Moody's Ratings.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:03:27 Methodology in Ratings00:06:59 Kenya’s Upgrade Explained00:10:18 FX Reserves, KES Stability, Market Access, and Buybacks00:16:51 Securitization, Domestic Borrowing, and Revenue Risks00:25:16 Outlook and Key Risks00:29:04 How does Kenya compare to Peers on Debt Distress?00:32:09 Public Private Partnerships and the Macro-Micro Divide00:37:31 ESG Scores and Ratings Withdrawal00:41:24 Key Takeaways and Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe