Announcements

    Drinks

      Scope has completed a monitoring review for the Arab Republic of Egypt

      12/7/2024 Monitoring note EN

      Scope has completed a monitoring review for the Arab Republic of Egypt

      The periodic review has resulted in no rating action.

      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.

      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.

      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.

      Scope assigns Egypt first-time sovereign rating of B with Negative Outlook

      31/3/2023 Rating announcement EN

      Scope assigns Egypt first-time sovereign rating of B with Negative Outlook

      A resilient economy, robust relations with international partners, and a record of reforms support the ratings. Elevated external financing requirements, large fiscal deficits, high public debt, and weak governance are challenges.