VOL. XLVI
No 49
8-December-2003
EGYPT
RATINGS
Fitch Changes Outlook On Egypts Local Currency To Negative
Ratings agency Fitch has changed the outlook on Egypts BBB long-term local currency rating from stable to negative, citing the countrys deteriorating public finances as the primary factor for the move. Fitch affirmed its other ratings on Egypt long-term foreign currency BB+, and short-term B, with stable outlook. Egypts debt burden increased to an estimated 86% of GDP for the fiscal year ended...
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