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S&P upgrades Egypt’s credit outlook to positive
S&P also affirmed its B-/B rating for Egypt’s long- and short-term foreign and local currency sovereign credit.
World Bank pledges USD 6 bn financing package for Egypt
The funds will be split between the government and Egyptian private sector
In the wake of the EGP float, are universities reconsidering the cost of student exchange programs?
Study abroad programs are popular amongst Egyptian students, but prices surged in tandem with the depreciation of the EGP
EU pledges EUR 7.4 bn aid package for Egypt
The agreement aims to take Egypt’s relations with the EU “to the level of a strategic and comprehensive partnership”
Fitch wants to see signs of sustained progress before upgrading Egypt’s credit rating
Recent developments were already “baked” into Egypt’s current rating and outlook
New forecasts from Standard Chartered, Goldman Sachs, and Fitch
The fresh forecasts came one week after the central bank moved forward with highly-anticipated reforms
We could be getting up to EUR 7.4 bn from the EU
EUR 1 bn in emergency financial assistance could be extended immediately
Moody’s upgrades five local banks’ credit rating outlook to positive
Moody’s cited the FX liquidity from the Ras El Hekma agreement in addition to recent reforms
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