Moody’s keeps Egypt’s credit rating at B2 – Egypttoday

Moody’s keeps Egypt’s credit rating at B2 – Egypttoday

The rating reflects the country's large and diversified economy with robust growth prospects.. Moody's classified Egypt with B1 for institutions and governance strength balances, adding that they are relatively weak but improving, with important progress on fiscal and economic reforms.. The previous Moody's credit rating for Egypt was B2 released in September 2019, which was the same rate as April 2019, when Moody's upgraded Egypt's credit rating from B3 to B2.. Moody's said that ongoing fiscal and economic reforms will support gradual but steady improvement in Egypt's fiscal metrics and raise real GDP growth.. Egypt's min. of agriculture, tourism & antiquities launch virtual tour at Zoological Museum.