{"id":637220,"date":"2017-11-12T04:00:21","date_gmt":"2017-11-12T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/sp-raises-egypts-credit-outlook-to-positive-from-stable\/"},"modified":"2017-11-12T04:00:21","modified_gmt":"2017-11-12T04:00:21","slug":"sp-raises-egypts-credit-outlook-to-positive-from-stable","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/sp-raises-egypts-credit-outlook-to-positive-from-stable\/","title":{"rendered":"S&#038;P raises Egypt\u2019s credit outlook to Positive from Stable"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Standard & Poor\u2019s raised Egypt\u2019s outlook to Positive from Stable on the back of rising FX reserves and strengthening economic growth<\/strong>, according to <a href=\"https:\/\/www.standardandpoors.com\/en_US\/web\/guest\/login?contextType=external&username=string&enablePersistentLogin=true&OverrideRetryLimit=0&contextValue=%2Foam&password=secure_string&challenge_url=https%3A%2F%2Fwww.standardandpoors.com%2Fen_US%2Fweb%2Fguest%2Flogin&request_id=-1233642843527579778&authn_try_count=0&locale=en_US&resource_url=https%253A%252F%252Fwww.standardandpoors.com%252Fen_US%252Fc%252Fportal%252Flogin%253Fredirect%253D%25252Fen_US%25252Fweb%25252Fguest%25252Farticle%25252F-%25252Fview%25252Ftype%25252FHTML%25252Fid%25252F1947907\">a statement from the S&P (paywall)<\/a> on Friday. The positive outlook reflects a \"potential upgrade over next year\" if Egypt continues to carry outs its reforms to support both investment and growth. The S&P expects political stability in Egypt to continue under President Abdel Fattah El Sisi, with the rating agency adding that it does not foresee significant policy changes in the run-up to elections in early 2018. The S&P maintained Egypt\u2019s long-term credit rating at \u2018B-', \u201creflecting wide fiscal and external deficits, high public debt, and low income levels.\u201d \"[The upgrade] will contribute in attracting more foreign investment to the country, and reduce the cost of financing to both the state and institutions, as well as the private sector,\" Finance Minister Amr El Garhy <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Media\/Pages\/releas-a-11-11-17.aspx\">said in a statement<\/a> following the announcement of the upgrade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poor\u2019s raised Egypt\u2019s outlook to Positive from Stable on the back of rising FX reserves and strengthening economic growth, according to a statement from the S&#038;P (paywall) on Friday. The positive outlook reflects a \"potential upgrade over next year\" if Egypt continues to carry outs its reforms to support both investment and growth. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637220","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2c06653c-db2a-4720-ab20-8edfa53afad3","order":"0","is_powered_by":true,"section_story_id":"9fdc7ee7-be5e-4ae6-8446-83ec162ebbb6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637211],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>S&amp;P raises Egypt\u2019s credit outlook to Positive from Stable - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/sp-raises-egypts-credit-outlook-to-positive-from-stable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P raises Egypt\u2019s credit outlook to Positive from Stable\" \/>\n<meta property=\"og:description\" content=\"Standard &amp; Poor\u2019s raised Egypt\u2019s outlook to Positive from Stable on the back of rising FX reserves and strengthening economic growth, according to a statement from the S&amp;P (paywall) on Friday. The positive outlook reflects a &quot;potential upgrade over next year&quot; if Egypt continues to carry outs its reforms to support both investment and growth. 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The positive outlook reflects a \"potential upgrade over next year\" if Egypt continues to carry outs its reforms to support both investment and growth. 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Moody\u2019s sees banks maintaining strong credit growth and profitability, as\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621495,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/sp-affirms-egypts-sovereign-credit-rating-at-b-outlook-at-stable\/","url_meta":{"origin":637220,"position":1},"title":"S&#038;P affirms Egypt\u2019s sovereign credit rating at B, outlook at stable","author":"enterpriseam admin","date":"11 November 2018","format":false,"excerpt":"S&P Global Ratings has affirmed Egypt\u2019s sovereign credit rating at B and its outlook at stable on the back of a \u201cmore competitive exchange rate, improving macro fundamentals and rising domestic gas production,\u201d the ratings agency said in a statement on Friday. S&P expects fiscal challenges to remain under control\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603310,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/moodys-upgrades-egypts-credit-rating-to-b2-with-stable-outlook\/","url_meta":{"origin":637220,"position":2},"title":"Moody\u2019s upgrades Egypt\u2019s credit rating to B2 with stable outlook","author":"enterpriseam admin","date":"18 April 2019","format":false,"excerpt":"Moody\u2019s has upgraded Egypt\u2019s credit rating to B2 with a stable outlook from B3 with a positive outlook, the ratings agency said in a statement. The agency said that the country\u2019s ongoing commitment to reform will gradually improve the government\u2019s fiscal position and stimulate economic growth. Stronger state finances, together\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/127.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600851,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/moodys-maintains-positive-outlook-on-egypts-banking-system\/","url_meta":{"origin":637220,"position":3},"title":"Moody\u2019s maintains positive outlook on Egypt\u2019s banking system","author":"enterpriseam admin","date":"12 February 2019","format":false,"excerpt":"Moody\u2019s maintains positive outlook on Egypt\u2019s banking system: Moody\u2019s Investors Service said in a report on Monday (pdf) that it has maintained its positive outlook on Egypt\u2019s banking system amid \u201can improving operating environment.\u201dStable funding and liquidity in EGP, FX to remain under pressure: The ratings agency said banks will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/994.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626047,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/29\/moodys-upgrades-outlook-on-egypt-to-positive-reaffirms-long-term-issuer-rating-at-b3\/","url_meta":{"origin":637220,"position":4},"title":"Moody\u2019s upgrades outlook on Egypt to positive, reaffirms long-term issuer rating at B3","author":"enterpriseam admin","date":"29 August 2018","format":false,"excerpt":"Moody\u2019s upgrades outlook on Egypt to positive as it reaffirms long-term issuer rating at B3: Moody\u2019s Investor Service reaffirmed Egypt\u2019s long-term issuer rating at B3 and upgraded its outlook to \u2018positive\u2019 from \u2018stable,\u2019 saying the decision reflects improvements in the economic and business environment as a result of the ongoing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644705,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/fitch-affirms-egypts-credit-rating-at-b-outlook-stable\/","url_meta":{"origin":637220,"position":5},"title":"Fitch affirms Egypt\u2019s credit rating at B, outlook stable","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"Ratings agency Fitch has affirmed Egypt's Long-Term Foreign- and Local-Currency Issuer Default Ratings at B with a stable outlook. The main factors that Fitch says, individually or collectively, could lead to a positive action are: Continued progress on fiscal consolidation leading to declining government debt\/GDP, sustained stronger economic growth supported\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=637220"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637220\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637211"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637220"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637220"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}