Announcements

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      Instrument data
      Issuer
      Arab Republic of Egypt
      Senority
      Senior Unsecured
      Currency
      EGP
      ISIN
      EGBGR04551V7
      Coupon percent
      24.259%
      Coupon type
      Floating: Fixed Margin over Index
      Instrument volume
      2,150,000,000
      Maturity date
      24/01/2026
      -
      B- Outlook: Stable
      B- Outlook: Stable
      Latest change
      Outlook/trend
      12/04/2024
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Thomas Gillet Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope affirms the Arab Republic of Egypt’s ratings at B- and revises the Outlook to Stable

      12/4/2024 Rating announcement EN

      Scope affirms the Arab Republic of Egypt’s ratings at B- and revises the Outlook to Stable

      Renegotiation of the IMF programme and strong commitment to reform drive the Outlook change. Weak debt affordability and high government debt remain credit challenges.

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      Scope affirms the Arab Republic of Egypt’s ratings at B- and maintains the Negative Outlook

      1/3/2024 Rating announcement EN

      Scope affirms the Arab Republic of Egypt’s ratings at B- and maintains the Negative Outlook

      Additional financial assistance and robust relations with international partners support the ratings. Weakening debt affordability and high external liquidity risk remain credit challenges.

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      Scope downgrades Egypt’s ratings to B- and maintains Negative Outlook

      15/9/2023 Rating announcement EN

      Scope downgrades Egypt’s ratings to B- and maintains Negative Outlook

      Higher external liquidity risk and weakening debt affordability amid limited progress on reforms drive the downgrade. A resilient economy and robust relations with official creditors support the ratings.

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