Laikipia Credit Rating Report Launch
Updated on: Feb 24, 2021
Laikipia strives to be the best County in finance management. To achieve this, the government has been taking bold moves and opening the financial books for scrutiny and rating. On February 23, CGL received a Credit Rating Report from GRC Ratings.
Credit rating is an objective analysis and assessment of an institutions creditworthiness, in this case, Laikipia County. Credit rating demonstrates the ability and willingness of government or any institution to fulfill its financial obligations fully, and in time.
It is the reason why this government invited a global rating agency, Global Rating Credit, GRC, to scrutinize her financial books and prepare an objective Report on the status of our Countys credit worthiness.
CGLs ambitious yet critical development interventions like Water for production, smart town projects, leasing for road constructions and for medical equipment will need funds, funds we cannot raise with exchequer or through own source revenue hence the need to attract other money lenders and private investors.
The Laikipia County Credit Rating Report launch attracted key players and partners in the financial sector, stock, and in Government. Devolution Cabinet Secretary Hon. Eugene Wamalwa present, recognized that devolved units ability to source funds is centered on examples set by Laikipia.
Commission on Revenue Allocation Chair, Madam Jane Kiringai could not say more better words about Laikipias relentless commitment to financial discipline. Having launched Laikipias Statistical Abstract last year, she paired clean books with credible data as specimens used by investors and lenders.
Laikipia County became the fourth County to get a credit rating and intends to keep this commitment of clean books, transparency and accountability until the achievement of the development agenda.
Credit rating is an objective analysis and assessment of an institutions creditworthiness, in this case, Laikipia County. Credit rating demonstrates the ability and willingness of government or any institution to fulfill its financial obligations fully, and in time.
It is the reason why this government invited a global rating agency, Global Rating Credit, GRC, to scrutinize her financial books and prepare an objective Report on the status of our Countys credit worthiness.
CGLs ambitious yet critical development interventions like Water for production, smart town projects, leasing for road constructions and for medical equipment will need funds, funds we cannot raise with exchequer or through own source revenue hence the need to attract other money lenders and private investors.
The Laikipia County Credit Rating Report launch attracted key players and partners in the financial sector, stock, and in Government. Devolution Cabinet Secretary Hon. Eugene Wamalwa present, recognized that devolved units ability to source funds is centered on examples set by Laikipia.
Commission on Revenue Allocation Chair, Madam Jane Kiringai could not say more better words about Laikipias relentless commitment to financial discipline. Having launched Laikipias Statistical Abstract last year, she paired clean books with credible data as specimens used by investors and lenders.
Laikipia County became the fourth County to get a credit rating and intends to keep this commitment of clean books, transparency and accountability until the achievement of the development agenda.
