Moody's: CBE decisions to protect Egypt's foreign reserves

Tue, 22 Mar 2022 - 04:20 GMT

This morning CBE raised its key interest rates by 100 basis points.

Moody's maintains rating for Egyptian banking sector at 'B2' with stable outlook

Thu, 03 Feb 2022 - 04:29 GMT

Moody's expects the Egyptian economy to grow 5.5 percent in the current fiscal year 2022-2021.

Suez Canal blockage does not affect Egypt's B2 stable ratings: Moody's

Sun, 28 Mar 2021 - 03:32 GMT

The Agency noted in a report that the Suez Canal represented almost 2 percent of Egypt’s GDP on average pre-pandemic, providing a significant contribution to total current account receipts.

Moody's expects Egyptian banking system to remain stable in 2021

Thu, 21 Jan 2021 - 10:56 GMT

‘The stable 2021 outlook for Egypt's banking system balances profitability and loan book pressures against sound liquidity and a stable government credit profile,” it stated.

Moody's completes periodic review of Egypt

Tue, 15 Dec 2020 - 02:13 GMT

“The credit profile of Egypt (issuer rating B2) is supported by "a3" economic strength, reflecting the country's large and diversified economy," it added.

Egypt highlights external debt decline, institutions positive expectation for state

Sun, 04 Oct 2020 - 03:25 GMT

Egypt succeeded in reversing the external debt curve, to record a decline for the first time in more than 4 years.

Goldman Sachs says Turkey is no longer economic competitor to Egypt

Mon, 21 Sep 2020 - 04:47 GMT

Turkey's deteriorating conditions are the reason.

Moody's rating reflects confidence on Egypt's economy: Finance Min.

Thu, 03 Sep 2020 - 03:27 GMT

Ma’it clarified Thursday that the economic reform program provided a measure of resilience to the Egyptian economy that enables it to interact with internal and external challenges and shocks.

Egypt’s credit rating reflects resilient, diversified economy: Moody’s

Wed, 02 Sep 2020 - 03:34 GMT

It added that relatively low levels of foreign currency-denominated and external government debt also support Egypt's credit profile.