In its recent report, Moody’s affirmation of Egypt’s rating at B2 with a stable outlook came to reflect the government s economic reforms and financial measures over the past years.
Prime Minister Moustafa Madbouli said that the trust of Moody s Corporation in the performance of the Egyptian economy reflects the efficiency of the measures adopted by the government to promote growth rates and overcome challenges posed by the global COVID-19 crisis.
Moody s Investors Service said that Egypt s (B2 stable) credit profile reflects its sizable and diversified economy, large domestic funding base, and projected foreign exchange reserves that are enough to cover maturing external liabilities over the next three years.
We wish the best for our country and for those who do their best we say: keep up the good work! .
