Fitch affirms Egypt`s rating at B+ with stable outlook
(World News Egypt)

CAIRO – 10 March 2021: Fitch Ratings affirmed, Wednesday, Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook. The rating agency clarified that the rating and outlook are reinforced by its recent track record of fiscal and economic reforms, which the authorities are furthering, as well as its large economy, which has demonstrated stability and resilience through the global health crisis. “The ratings are constrained by still large fiscal deficits, high general government debt/GDP and domestic and regional security and political vulnerabilities, for example as reflected in lower scores on World Bank...