Middle East Economic Survey
Moodys Downgrades Egypt Local Currency Bond Rating To Baa3
Moody's on 18 May downgraded Egypt's domestic currency long-term government bond rating to Baa3 from Baa1. The outlook remains negative. All other ratings, including the Ba1 foreign currency government bond rating, the Ba1 foreign currency country ceiling for bonds, the Ba2 foreign currency country ceiling for bank deposits and the A3 local currency guideline remain unchanged....