EgyptianStreets
Fitch Ratings, a global credit rating agency, has upgraded Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR), a measure of a country’s ability to meet its financial obligations in foreign currencies, from ‘B-’ to ‘B,’ with a positive outlook as of 1 November. Credit rating agencies assess the creditworthiness of nations and organizations and play a huge role in shaping economic perceptions and influencing borrowing costs…
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Fitch’s Latest Rating Signals Optimism for Egypt’s Economy
Nadine Tag
04:20
Fitch Ratings, a global credit rating agency, has upgraded Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR), a measure of a country’s ability to meet its financial obligations in foreign currencies, from ‘B-’ to ‘B,’ with a positive outlook as of 1 November. Credit rating agencies assess the creditworthiness of nations and organizations and play a
