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![Scope affirms the Arab Republic of Egypt’s ratings at B- and maintains the Negative Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_d32f738e4a28b2aa450a0b77c0b1aca834ad1ceb009cff7e6fcd62761838ed24.jpg)
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](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_983e52d891ae41aa95bcdc55af94fd8149a4dbd13f4d8d69a336019182b31b41.jpg)
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](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_e3a79475a5fb3885a397a143036a8b316cb677816ee48075f8d5b9451ebbc2c7.jpg)
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.