Thndr Claps » EGY Claps » Economy 🏙 » Fitch downgrades Egyptian economy’s outlook
The ClapDespite maintaining Egypt’s credit rating at B+, Fitch Ratings has downgraded its outlook on the economy to “Negative”, down from “Stable”.
DeetsThe rating agency attributed the downgrade to several factors, including but not limited to:
So whatThe ratings provided by Fitch are utilized by investors, intermediaries like investment banks, & issuers of debt & businesses.
Now whatYou can read the full report here, with all the factors the agency included & their rationale.
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