Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook ...Egypt

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Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both local and foreign currencies as it is at the B2 level, the third time in a row – maintaining a stable outlook for the Egyptian economy. He added that the decision reflects the continued confidence of international institution in the solidity of the Egyptian economy and its ability to deal with the coronavirus crisis, unlike other counterpart and emerging economies. Maait added that the decision also reflects Moody’s confidence in the Egyptian economy’s ability to overcome external and internal issues resulting from the pandemic, evident as a result of the

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Last updated : 01 August 2021 clock 11:15 AM

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Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook ...Egypt

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