{"id":642634,"date":"2017-08-20T03:57:22","date_gmt":"2017-08-20T03:57:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/"},"modified":"2017-08-20T03:57:22","modified_gmt":"2017-08-20T03:57:22","slug":"moodys-leaves-egypts-b3-credit-rating-unchanged","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/","title":{"rendered":"Moody\u2019s leaves Egypt\u2019s B3 credit rating unchanged"},"content":{"rendered":"

<\/a> The disappointment of the weekend: Moody\u2019s left Egypt\u2019s credit rating unchanged at <\/strong>B3<\/strong> even as the research houses (including Pharos Holding and Goldman Sachs<\/a>) suggested there was room for an upgrade to B2. \u201cVery weak government finances will continue to constrain the rating pending further clarity on the sustainability and impact of the reform programme,\u201d the agency said on Friday<\/a>. While it did acknowledge that Egypt's external liquidity position has significantly improved over the past 12 months, \u201cthe increase in international reserves has been mainly driven by debt-creating inflows, thus also raising the level of external debt and FX denominated debt.\u201d Fears of political instability in the run up to the May 2018 presidential elections was an apparent factor in the decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

The disappointment of the weekend: Moody\u2019s left Egypt\u2019s credit rating unchanged at B3 even as the research houses (including Pharos Holding and Goldman Sachs) suggested there was room for an upgrade to B2. \u201cVery weak government finances will continue to constrain the rating pending further clarity on the sustainability and impact of the reform programme,\u201d […]<\/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-642634","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cbca75a7-b162-42d4-9aa2-5661a34dd958","order":"0","is_powered_by":true,"section_story_id":"16ec267d-41b7-41b4-87ba-409188d26b0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642626],"teaser":"","voice_url":""},"yoast_head":"\nMoody\u2019s leaves Egypt\u2019s B3 credit rating unchanged - 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\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody\u2019s leaves Egypt\u2019s B3 credit rating unchanged\" \/>\n<meta property=\"og:description\" content=\"The disappointment of the weekend: Moody\u2019s left Egypt\u2019s credit rating unchanged at B3 even as the research houses (including Pharos Holding and Goldman Sachs) suggested there was room for an upgrade to B2. \u201cVery weak government finances will continue to constrain the rating pending further clarity on the sustainability and impact of the reform programme,\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-20T03:57:22+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Moody\u2019s leaves Egypt\u2019s B3 credit rating unchanged\",\"datePublished\":\"2017-08-20T03:57:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/\"},\"wordCount\":132,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/moodys-leaves-egypts-b3-credit-rating-unchanged\/\",\"name\":\"Moody\u2019s leaves Egypt\u2019s B3 credit rating unchanged - 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