Credit Rating

Egypt aims to regain highest credit rating, boost confidence in economy: Finance Minister

Tue, 19 Mar 2024 - 07:34 GMT

He added that the government’s aim is to restore confidence in the Egyptian economy by explaining the dimensions of the new economic trajectory of the Egyptian state, which is a catalyst for promising horizons.

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.”

When can Standard & Poor's raise or lower Egypt's credit rating again?

Sun, 22 Oct 2023 - 04:49 GMT

Standard & Poor's credit rating agency revealed two scenarios that, if they occur, would lead to the upgrade or downgrade of Egypt's credit rating in the upcoming period, according to a report published on its website.

S&P upgrades Egyptian economy’s outlook to stable, lowers long-term credit rating

Sun, 22 Oct 2023 - 10:38 GMT

"Changing the outlook from negative to stable reflects structural reforms that the Egyptian government undertook recently which contributed to achieving financial discipline,” explained Minister of Finance Mohamed Maait

S&P affirms Egypt's credit rating at B/B with stable outlook

Mon, 25 Apr 2022 - 11:46 GMT

Standard & Poor's (S&P) kept Saturday Egypt's long and short-term foreign and local currency sovereign credit ratings at B/B with a stable outlook.

6 figures that indicate how Egypt's economy will continue to grow

Sun, 09 May 2021 - 02:42 GMT

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.

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.

Egypt cancels procurement fee of Covid-19 medical supplies, rations expenditure

Thu, 14 May 2020 - 12:59 GMT

The procurement fee of medical equipment and drugs used in treating Covid-19 has been canceled, and all ministries will set an expenditure rationalization to offset the economic impact of the pandemic.

S&P raises Egypt’s sovereign credit rating to B

Fri, 11 May 2018 - 11:27 GMT

International rating agency Standard and Poor’s (S&P) raised on Friday Egypt’s sovereign credit rating to (B) from (B -).

S&P upgrades Egypt’s outlook to positive from stable

Sat, 11 Nov 2017 - 11:47 GMT

The rating agency said Egypt outlook revised to positive on the back of rising reserves and strengthening economic growth.

S&P maintains Qatar Petroleum rating at AA-

Tue, 29 Aug 2017 - 03:15 GMT

S&P’s assessment came as a result of QP's critical role in supporting the Qatari economy.

Fitch lowers Qatar’s credit rating to AA-

Mon, 28 Aug 2017 - 10:23 GMT

Qatar’s GDP growth is forecasted by Fitch to fall to 2 percent in 2017, 1.3 percent in fiscal year 2018/19, down from 2.2 percent in 2016.

Reasons for S&P’s negative outlook for Qatar’s economy

Sun, 27 Aug 2017 - 01:05 GMT

Qatar’s economy outlook was affirmed at AA-/A-1+ for long and short term foreign and local currency sovereign ratings.

Moody’s reasons for holding Egypt’s credit rating unchanged

Sun, 20 Aug 2017 - 02:24 GMT

Egypt’s credit rating outlook maintained stable by global credit rating agency Moody's Investors Service late Friday.

Moody’s to upgrade Egypt’s rating to B2: Pharos

Wed, 16 Aug 2017 - 11:34 GMT

Pharos believe that a credit rating upgrade will support further foreign inflows into the equity and the fixed income market

Diplomatic crisis ‘a blow’ to Qatar's economy: report

Wed, 16 Aug 2017 - 06:10 GMT

Foreign liabilities of commercial banks declined, fueling concerns about a potential struggle in external debts, Capital Economics said.

Egypt’s credit rating to improve as foreign reserves surge

Tue, 08 Aug 2017 - 08:21 GMT

S&P Global will consider changing Egypt’s credit rating if economic growth rate exceeded expectations, analyst says.

Qatar’s economy feels the pinch as rift enters 3rd month

Sat, 05 Aug 2017 - 09:49 GMT

Two busy-schedule months for Arab foreign ministers passed, however, the political rift between four Arab states and Qatar is still ongoing, imposing economic pressures on Doha

CI Ratings affirms rating of Emirati, Jordanian banks

Fri, 28 Jul 2017 - 07:00 GMT

Sharjah Islamic Bank and Jordan Commercial Bank kept their outlook.

Subsidies reduction supports Egypt’s credit profile: Fitch

Wed, 12 Jul 2017 - 01:24 GMT

Fitch expected the budget deficit to stand at 9.3 percent of GDP, higher than the 9.1 percent projected by the government.