Fitch Ratings affirmed Egypt’s credit at “B+” with a stable outlook for the fourth time. Egypt’s ratings are supported by its recent record of fiscal and economic reforms, Firch said, alongside its large economy with robust growth and strong support from bilateral and multilateral partners. Egyptian Finance Minister Mohamed Maait on Friday stated that fixing the rating for the fourth time during coronavirus crisis is a new international testimony of confidence in the ability of the Egyptian economy to face global economic challenges. The repercussions of the pandemic are currently intertwined with the consequent disruption in supply chains and a severe rise in inflation rates and shipping co
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