County Government of Bungoma

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County Government of Bungoma
  • County Government of Bungoma
  • Year : Mar 2020
3 Tokens
USD 300.00
Summary

The ratings on the County Government of Bungoma (“Bungoma County”) reflects its strong financial profile and ongoing government support, counterbalanced by a very weak entity profile, characterised by limited economic activity.

Bungoma County’s credit profile is supported by the stability that comes from having a consistent baseline of revenue from the National Treasury, with note taken of the gradual increase in the annual exchequer releases.

Additional Information

The ratings are constrained by the inherent weakness in Bungoma County’s entity profile, characterised by limited economic activity and infrastructural backlogs. A sizeable portion of the population in the county lives in rural areas where land/property rates have historically not been collected with subsistence agriculture as the main economic activity.

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