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Fitch says Egypt’s ratings unlikely to change soon

: Thursday, February 13 - 2014 @ 11:04

Credit rating agency Fitch has said rapid upgrades for Egypt’s ratings are unlikely, despite the tentative political and economic improvements, Reuters has reported. In early January 2014, Fitch took Egypt’s Long-Term Foreign-Currency rating off ‘Negative Outlook’ for the first time since January 2011. Over this period Egypt’s ratings were downgraded by a cumulative five notches.

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Thursday, February 13- 2014 @ 11:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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