{"id":647355,"date":"2017-05-09T03:25:23","date_gmt":"2017-05-09T03:25:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/"},"modified":"2017-05-09T03:25:23","modified_gmt":"2017-05-09T03:25:23","slug":"market-implies-that-egypts-credit-rating-should-be-higher","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/","title":{"rendered":"Market implies that Egypt\u2019s credit rating should be higher"},"content":{"rendered":"

<\/a> Egypt\u2019s performance on the bond market merits a credit upgrade<\/strong>, Ahmed Namatalla and Ahmed Feteha write for Bloomberg<\/a>. \u201cThe nation\u2019s debt has had an implied rating of B2 or better for almost three months, according to Moody\u2019s Analytics, one level higher than its official grade.\u201d Egypt\u2019s current credit rating at Moody\u2019s Investors Service is B3, six levels below investment grade, similar to its B- score at S&P Global Ratings. The nation is rated one notch higher at Fitch Ratings. Aberdeen Asset Management\u2019s Anthony Simond says, \u201cEgypt has traded very well due to the positive reform momentum, IMF assistance and general bullish view toward emerging markets \u2026 If the government can keep its focus and not water down its plans, then an upgrade should be possible within six to 12 months<\/strong>.\u201d The market is probably right and leading the rating agencies, says Stephen Bailey-Smith, investment strategist at Danish outfit Kolding. He says \u201cthe nation\u2019s upcoming bond sale \u201cwill do well, as the search for yield is still solidly entrenched in market psyche.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s performance on the bond market merits a credit upgrade, Ahmed Namatalla and Ahmed Feteha write for Bloomberg. \u201cThe nation\u2019s debt has had an implied rating of B2 or better for almost three months, according to Moody\u2019s Analytics, one level higher than its official grade.\u201d Egypt\u2019s current credit rating at Moody\u2019s Investors Service is B3, […]<\/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-647355","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"584d80fb-051d-49e3-adf1-80f28baf0d52","order":"0","is_powered_by":true,"section_story_id":"2894817b-97fc-43e0-9f96-334ee8cd47a1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647347],"teaser":"","voice_url":""},"yoast_head":"\nMarket implies that Egypt\u2019s credit rating should be higher - 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\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market implies that Egypt\u2019s credit rating should be higher\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s performance on the bond market merits a credit upgrade, Ahmed Namatalla and Ahmed Feteha write for Bloomberg. \u201cThe nation\u2019s debt has had an implied rating of B2 or better for almost three months, according to Moody\u2019s Analytics, one level higher than its official grade.\u201d Egypt\u2019s current credit rating at Moody\u2019s Investors Service is B3, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-09T03:25:23+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\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Market implies that Egypt\u2019s credit rating should be higher\",\"datePublished\":\"2017-05-09T03:25:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\"},\"wordCount\":187,\"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\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/market-implies-that-egypts-credit-rating-should-be-higher\/\",\"name\":\"Market implies that Egypt\u2019s credit rating should be higher - 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This profile, which gives the country a solid credit rating of B2 with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571437,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/moodys-affirms-egypts-credit-rating-at-b2-outlook-stable\/","url_meta":{"origin":647355,"position":1},"title":"Moody\u2019s affirms Egypt\u2019s credit rating at B2, outlook stable","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"Moody\u2019s affirms Egypt\u2019s credit rating at B2 with a stable outlook, citing effective policy and capacity to manage shocks: Moody\u2019s has maintained Egypt\u2019s long-term foreign and local currency issuer default rating at B2 with a stable outlook due to \u201congoing credit strengths and challenges\u201d that it says are unlikely to\u2026","rel":"","context":"In "Speed Round"","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\/116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570911,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/22\/egypts-reforms-could-shield-the-economy-from-covid-19-shocks-moodys\/","url_meta":{"origin":647355,"position":2},"title":"Egypt\u2019s reforms could shield the economy from covid-19 shocks -Moody\u2019s","author":"enterpriseam admin","date":"22 April 2020","format":false,"excerpt":"Egypt\u2019s reforms could shield the economy from covid-19 shocks -Moody\u2019s: Egypt\u2019s track record of economic reform commitment and strong FX reserves are expected to shield its credit rating from shocks caused by the covid-19 pandemic, Moody\u2019s said in a credit opinion last week (pdf). The ratings agency says remaining committed\u2026","rel":"","context":"In "Speed Round"","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":586887,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/fitch-downgrades-credit-ratings-of-four-local-banks\/","url_meta":{"origin":647355,"position":3},"title":"Fitch downgrades credit ratings of four local banks","author":"enterpriseam admin","date":"18 May 2023","format":false,"excerpt":"The banks now have a rating of B, down from B+","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1032.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594534,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/moodys-maintains-egypts-outlook-at-b2-stable\/","url_meta":{"origin":647355,"position":4},"title":"Moody\u2019s maintains Egypt\u2019s outlook at B2 stable","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"Moody\u2019s confirms Egypt\u2019s credit rating at B2, outlook stable: Credit rating agency Moody\u2019s has maintained its Egypt rating at B2 with a stable outlook, citing its large debt load and persistently weak albeit improving government finances. 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