Kenya national treasury cabinet secretary has stated that the country is prepared to manage the USD 2 bln Eurobond due next year. Following Moody’s downgrade of Kenya’s ratings, the government noted that it is committed to effectively managing public debt and minimizing default risks. It plans to accelerate fiscal consolidation, backed by financing from the IMF and the World Bank, along with syndicated loans. The cabinet anticipates inflation will revert to its medium-term target band within the second quarter due to a decrease in global commodity prices and food costs.