Egypt’s ratings affirmed at ‘B-‘

June 29, 2014 2:18 am

Fitch Ratings has said it has affirmed Egypt’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B-,’ with ‘Stable’ outlook, Reuters has reported. The issue ratings on Egypt’s senior unsecured foreign and local currency bonds have also been affirmed at ‘B-‘. The Country Ceiling has been affirmed at ‘B-‘ and the Short-term foreign currency IDR at ‘B’.