Moody’s Lifts Egypt to B3 as Debt Costs Remain a Hurdle

Lower government debt and stronger foreign reserves supported Egypt’s credit upgrade, but interest payments remain a constraint on public spending and the prospect of cheaper financing. CAIRO, Egypt — October 18, 2026: Moody’s Ratings upgraded Egypt’s sovereign credit rating to B3 from Caa1 on October 16, maintaining a positive outlook as fiscal consolidation and economic reforms […]

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