Announcements
Drinks
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.
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.
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.