Standard and Poors
S&P highlighted the government’s decision to stop projects with significant FX costs or are at a completion rate of 50 percent or less, noting that it expected this to reduce related imports and support the country’s external position
The recording is still lower than the 50 mark, which indicates growth
Standard & Poor's credit rating agency has kept the sovereign rating of the Egyptian economy at the level of B / B in the long-term and short-term, while maintaining a stable outlook. Below are six figures that indicate how the Egyptian economy will continue to improve in the coming period.
The rating agency said Egypt outlook revised to positive on the back of rising reserves and strengthening economic growth.
Standard and Poors Global Ratings affirmed Egypt's long and short term foreign and local currency sovereign credit ratings at 'B-/B', with a stable outlook.
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