Egypt’s Outlook Raised to Positive by Moody’s on Lending Deals
- Country’s rating is affirmed at Caa1 given high debt ratio
- Nation expects $8b funding from the IMF after FX devaluation
This article is for subscribers only.
Egypt’s credit outlook was raised to positive by Moody’s Ratings as the nation unlocks fresh funding from the International Monetary Fund and bilateral lenders.
The credit-rating company changed Egypt’s outlook to positive from negative, while affirming the Caa1 rating, according to a statement Thursday.