Moody's revision for Egypt’s outlook overlooks government’s efforts: Finance ministry

Fri, 19 Jan 2024 - 04:07 GMT

The Ministry of Finance has commented on Moody's Investors Service’s decision to maintain Egypt's sovereign credit rating at "Caa1" with a revised negative outlook, saying it “overlooks the government’s current efforts.”

Moody's drops Egypt's outlook to 'negative' but keeps sovereign's credit rating at ‘Caa1’

Fri, 19 Jan 2024 - 02:20 GMT

Moody's has revised Egypt's outlook from "stable" to "negative" due to growing concerns about the country's credit profile but kept its credit rating unchanged at “Caa1.”