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S&P upgrades our sovereign credit rating for first time in seven years
The move reflects “international recognition of the country's unwavering commitment to reform and stability,” Finance Minister Ahmed Kouchouk told EnterpriseAM
Fitch ups global growth view
The agency projects global growth at 2.4% this year, easing to 2.3% in 2026
Proposed sukuk reforms may risk fracturing USD 1 tn Islamic debt market
Standard 62’s ownership amendments would see sukuk more closely resemble an equity investment
GCC share of emerging market USD debt climbs to 35% in 1Q -Fitch
The total GCC debt market crossed USD 1 tn by the end of March
S&P trims our credit outlook to stable, Fitch reaffirms stable outlook
S&P also affirmed its B-/B rating for Egypt’s long- and short-term foreign and local currency sovereign credit, inline with Fitch…
Fitch upgrades four Egyptian banks’ credit ratings to B on the back of sovereign credit improvements
Fitch cited improved FX liquidity and a significant jump in net foreign assets
Fitch upgrades our credit rating to ‘B’ citing greater confidence in structural reforms
The ratings agency cited an inflow of FDI, our commitment to maintaining a flexible exchange rate, and fiscal consolidation as…
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
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