Credit Rating
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.
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.
Turkey's deteriorating conditions are the reason.
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.
International rating agency Standard and Poor’s (S&P) raised on Friday Egypt’s sovereign credit rating to (B) from (B -).
The rating agency said Egypt outlook revised to positive on the back of rising reserves and strengthening economic growth.
S&P’s assessment came as a result of QP's critical role in supporting the Qatari economy.
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.
Qatar’s economy outlook was affirmed at AA-/A-1+ for long and short term foreign and local currency sovereign ratings.
Egypt’s credit rating outlook maintained stable by global credit rating agency Moody's Investors Service late Friday.
Pharos believe that a credit rating upgrade will support further foreign inflows into the equity and the fixed income market
Foreign liabilities of commercial banks declined, fueling concerns about a potential struggle in external debts, Capital Economics said.
S&P Global will consider changing Egypt’s credit rating if economic growth rate exceeded expectations, analyst says.
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
Sharjah Islamic Bank and Jordan Commercial Bank kept their outlook.
Fitch expected the budget deficit to stand at 9.3 percent of GDP, higher than the 9.1 percent projected by the government.
The negative outlook was prompted by the economic and financial risks of Qatar.
Qatar dispute led to outflows of external funding, which Moody’s expects will reduce banking liquidity
Diplomatic rift between Qatar, Saudi Arabia, UAE, Bahrain and Egypt is not anticipated to resolve over the short term.
Global credit rating agency Standard and Poor lowered Wednesday Qatar's long-term rating from 'AA' to 'AA-.
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