Moody's Ratings Upgrades Egypt's Ratings To B3, Maintains Positive Outlook

By Reuters News

Oct 16 (Reuters) - Moody's:

  • MOODY'S RATINGS UPGRADES EGYPT'S RATINGS TO B3, MAINTAINS POSITIVE OUTLOOK

  • MOODY'S: UPGRADE TO B3 DRIVEN BY EGYPT'S FISCAL CONSOLIDATION & STRUCTURAL REFORMS

  • MOODY'S ON EGYPT: SHIFT TO FLEXIBLE EXCHANGE RATE & TIGHTER MONETARY POLICY HAS STRENGTHENED EXTERNAL BUFFERS & ECONOMY'S CAPACITY TO ABSORB SHOCKS

  • MOODY'S ON EGYPT: POSITIVE OUTLOOK ON PROSPECT OF FASTER DEBT & INTEREST BURDEN REDUCTION THAN OUR BASELINE

  • MOODY'S: EXPECT EGYPT GOVERNMENT TO MAINTAIN FISCAL CONSOLIDATION AFTER CURRENT IMF PROGRAM CONCLUDES IN DEC 2026

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