Egypt’s Credit Rating Upgraded After 7 Years, Boosted by Reforms

Egypt’s Credit Rating Upgraded After 7 Years, Boosted by Reforms

After steady economic reforms, S&P Global Ratings, an American credit agency that analyzes stocks and bonds, has raised Egypt’s long-term credit rating from B- to B, marking its first upgrade in seven years. In its statement, the agency noted that Egypt’s recent economic reforms, including the liberalization of the foreign exchange system, have boosted tourism and remittances. It also pointed to strong foreign investment in 2024, led by a USD 35…

S&P upgrades Egypt's rating as reforms boost growth

S&P upgrade Egypt to ‘B’ Bounce in GDP Inflation rate has dropped S&P Global upgraded Egypt’s rating by a notch, citing ongoing reforms that have led to a sharp rebound in GDP growth, while Fitch highlighted the country’s fairly high growth potential and strong support from partners in its affirmation. Fitch last upgraded Egypt’s ratings to “B” in November 2024, when foreign investments and tighter monetary conditions helped build stronger finan…

S&P Global Ratings raises its long-term sovereign credit rating on Egypt to ‘B’ from ‘B-’

The upgrade reflects the reforms undertaken over the past 18 months

Al-Mashat: We Are Continuing The path of Economic Reform Through an Ambitious Program

Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, affirmed that S&P Global Ratings’ decision to raise Egypt’s credit rating from “B-” to “B” with a Positive Outlook underscores the tangible results of the economic and structural reforms implemented by the state.