Egypt commits to strengthening credit rating after Moody's positive outlook revision

Fri, 08 Mar 2024 - 10:58 GMT

Minister of Finance, Mohamed Maait, has reaffirmed Egypt's determination to enhance its credit rating in the near future, according to a statement from the Cabinet on Friday.

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.”