Fitch affirms Egypt’s credit rating at “B” with a stable outlook

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Fitch affirmed Egypt’s long-term foreign-currency sovereign credit rating at B with a stable outlook. The agency cited expected economic growth, continued support from international and regional partners, and the economy’s scale relative to peers.

Fitch Ratings has affirmed Egypt’s long-term foreign-currency sovereign credit rating at “B” with a Stable Outlook. The agency noted that the rating is supported by expectations of relatively high economic growth for the Egyptian economy, continued strong support from international and regional partners, as well as the economy’s large scale compared to other peer countries … The post Fitch affirms Egypt’s credit rating at “B” with a stable outlook appeared first on Egypt Independent.