Experts explain reasons behind Fitch affirming Egypt’s “B” rating

AI Summary

Fitch affirmed Egypt’s credit rating at B with a stable outlook, a decision welcomed by economic experts and the Finance Ministry. Officials cited the economy’s resilience and ability to absorb shocks amid regional turmoil.

The decision by the global credit rating agency Fitch to affirm Egypt’s rating at “B” with a stable outlook has been welcomed by economic experts and academics, as well as the Finance Ministry, which emphasized that the Egyptian economy has once again demonstrated its resilience and ability to absorb shocks amidst regional turmoil. The ministry … The post Experts explain reasons behind Fitch affirming Egypt’s “B” rating appeared first on Egypt Independent.