VOL. XL

No. 33

18-August-1997

EGYPT

Moody's Says Outlook On Egypt Improving

The US ratings agency Moody's Investors Service has said that the outlook on its ratingfor Egypt is "improving." In its statement of 12 August, Moody's said that"the Egyptian authorities are consolidating the pace and content of structuralreform" and that "the privatization program, which is a key element in Egypt'seffort to revitalize its real economy, has remained at the forefront of the policyagenda." Moody's also...