Cabinet publishes infograph on keeping Egypt’s credit rating by Moody’s, S&P – Egypttoday

Cabinet publishes infograph on keeping Egypt’s credit rating by Moody’s, S&P – Egypttoday

Cabinet publishes infograph on keeping Egypt's credit rating by Moody's, S&P. International credit rating agencies Moody's and Standard & Poor's (S&P) maintained the country's credit rating at B2 with a stable outlook.. The center added that Moody's kept Egypt's credit rating unchanged, given the expected growth rates backed by the implementation of economic and financial reforms since 2016, as well as an improvement in the monetary policy.. The financial rating agency S&P forecast that Egypt will achieve a growth rate of 2.8 percent in 2020, compared to 5.6 percent in 2019, while the average inflation rate will hit 6 percent in 2020, against 13.9 percent in 2019.. Egypt to cut fuel subsidies, increase net debt issuance in 2020/21 budget.