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Moody's extends Egypt’s credit review for 3 months
Post Reply RetroFed Forum Forum Index » Egypt
AuthorMessage
sun_is_ra sh.itjust.works sun_is_ra@sh.itjust.works
Joined: 2023-06-15
Quote

Link: https://www.madamasr.com/en/2023/08/13/news/economy/moodys-extends-egypts-credit-review-for-3-months/

The agency, which downgraded the Egyptian economy’s creditworthiness in February on the back of the foreign exchange crisis and the depreciation of the national currency on foreign exchange markets, has been reviewing Egypt’s ability to repay its debts in foreign and local currency since May.
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