Moody’s maintains Egypt’s B2 credit rating, stable outlook 

  • Date: 21-Apr-2020
  • Source: Daily News Egypt
  • Sector:Economy
  • Country:Egypt
  • Who else needs to know?

Moody’s maintains Egypt’s B2 credit rating, stable outlook 

Moody's maintains Egypt's B2 credit rating, stable outlook - Daily News Egypt. Business Moody's maintains Egypt's B2 credit rating, stable outlook. Moody's maintains Egypt's B2 credit rating, stable outlook. CBE measures in recent weeks strengthen Egyptian economy, says credit rating agency. Comments Off on Moody's maintains Egypt's B2 credit rating, stable outlook. Moody's has fixed its credit rating for Egypt at "B2" with a stable outlook.. The global credit rating agency said it maintained its outlook for the Egyptian economy due to what it described as a track record of economic and structural reforms that helped Egypt absorb the economic shock caused by the coronavirus pandemic.. The CBE has already put into effect several measures since the beginning of coronavirus outbreak, including a historic 3% interest rate reduction.. Moody's expects that debt ratios will continue to decline due to the economic shock of the coronavirus..