Moody's raises Egypt's rating, says growth should accelerate if political stability continues

April 7, 2015 5:20 PM

7 0

CAIRO – Moody's Investor Service has upgraded Egypt's credit rating, saying macroeconomic performance has improved and external vulnerabilities have been reduced.

In a statement, it ranked Egypt at B3 on its scale — speculative and subject to high credit risk — with a stable outlook, an improvement from its previous classification of Caa1.

Also read: Remembering Reid: Senate's political punch-thrower says farewell, leaves trail of gaffes

Read more

To category page

Loading...