Moody’s Affirms Egypt at Caa1 with Positive Outlook

Cairo — Moody’s Ratings has affirmed Egypt’s sovereign credit rating at Caa1 for both foreign and local currency, maintaining a Positive Outlook, reflecting cautious confidence in the country’s ongoing economic reform program. The agency cited continued primary fiscal surpluses since FY2023/24 and tight monetary policy by the Central Bank of Egypt as key factors supporting […]