The ratings on the County Government of Kisumu reflect the deterioration in operating performance and weak audit outcomes. This is counterbalanced by the strong financial profile and government support.The ratings recognise Kisumu’s position as an important economic center in Western Kenya, and its more diverse economy than most other Kenyan Counties, with a lower reliance on agriculture. Its Gross County Product (GCP) per capita compares favourably to the country as a whole.
GCR has factored National Government support into the Kisumu County ratings. This is because the County fulfils a critical social service, being at the forefront of improving the day-to-day quality of life for its citizens.The Stable Outlook reflects the substantial underpin to revenue afforded by the large exchequer releases, and limited financial obligations.