Kenya downplays Moody's downgrade, saying economy on path to recovery
NAIROBI, May 23 (Xinhua) -- Kenya is confident that it has put in place strong interventions that have set the country on the path to sustainable economic recovery, the National Treasury said Tuesday in response to the global ratings agency, Moody's downgrade.
Moody on May 12 downgraded Kenya's "long-term foreign currency and local currency issuer ratings and senior unsecured debt ratings from B2 to B3 on rising