DevelopingWorld · Egypt

Here’s why Moody’s has upgraded Egypt’s credit rating

First reported 2026-10-17 11:31 UTC · Updated 2026-10-17 18:41 UTC · 2 independent sources

Reducing high debt service costs at a faster pace is the focus of further structural reforms, the Egyptian finance ministry announced following a decision by Moody’s to upgrade the country’s credit rating to “B3” with a positive outlook. In a statement addressing the upgrade, the ministry…

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Who reported it

  1. 2026-10-17 11:31 UTCEgypt Independent · egyptindependent.com ↗
  2. 2026-10-17 18:41 UTCDaily News Egypt · dailynewsegypt.com ↗

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