Sunday 23 September 2018
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Daily News Egypt
4 months ago

S P raises Egypt’s soverign credit rating to ‘B’ from ‘B-”, lowers outlook to stable

Sand#38;P Global Ratings on Friday raised Egypt’s sovereign credit rating to B from B-, backed the improvements in business fundamentals, while the economic outlook was revised to stable from positive. According to the report published by Sand#38;P, the revised credit rating reflects the competitive exchange rate, increase in natural gas production, and the witnessed increase The post S P raises Egypt’s soverign credit rating to ‘B’ from ‘B-”, lowers outlook to stable appeared first on Daily News Egypt.

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