Crew-11 Mission

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Sunset, salt, and soul food. Where stories spill with the tide and laughter drapes the horizon—this isn’t just dinner, it’s a ritual of joy. 🎉 She didn’t just bring the vibes—she is the vibes. Lit in lavender, drink raised, legacy in motion. This is what community in bloom looks like when the night decides to celebrate her. Rum, rhythm, and riverside reverie. Where tales flow like Captain Morgan and every seat is the VIP section of memory. The "HIDE OUT" is no location—it’s an atmosphere. HIDE OUT: Where kinship meets cool. Riverside rhythms, wooden whispers, and a crowd that knows good company is the real luxury. This is the archive of us—casual, collected, unforgettable. 🔥 Decked out in legacy and laughter. Feet dangling, stories flowing—this crew didn't come to chill, they came to archive the vibe. The HIDE OUT writes its own mythology, one conversation at a time. Where focus meets finesse. In the low glow of Afrikana,...
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Moody's Downgrades Kenya's Credit Rating: What You Need to Know

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Background:

  - Global rating agency Moody's recently downgraded Kenya's credit rating.


  - This downgrade was triggered by the Kenyan government's inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024.


  - The Finance Bill 2024 faced opposition, leading to its rejection by President William Ruto following violent protests against revenue-raising draft laws.


Rating Change:

  - Kenya's local-and-foreign-currency debt obligations have moved further down in the junk territory.


  - Specifically, the rating dropped from "B3" to "Caa1."


  - A "Caa1" rating signifies high speculative risk and a significant chance of default in case of economic shocks.


Implications:

  - The downgrade means that Kenya's debt obligations are now considered "of poor standing" and subject to "very high credit risk."


  - Moody's expressed concern about Kenya's capacity to pursue fiscal consolidation and austerity measures.


  - While there is still room to cut development spending, further cuts may hinder economic growth.


Negative Outlook:

  - Moody's maintained Kenya's credit outlook as negative.


  - This implies that further downgrades are likely if the country fails to implement measures to avoid debt default or restructuring.


Investor Impact:

  - Countries with lower credit ratings, including a junk rating like Kenya's, face liquidity challenges.


  - Investors rely on credit ratings to make informed investment decisions.


While Kenya faces challenges, it's essential for the government to address fiscal stability and debt management. 


Feel free to explore further, and let me know if you have any other questions! 😊🇰🇪


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