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Moody’s Downgrades Egypt, Pushing Bonds Further Into Junk Status

Por: Forbes Business February 08, 2023

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Downtown Cairo, Egypt at duskgetty Moody's Investors Service downgraded Egypt's credit rating from B2 to B3 on February 7, pushing the North African country further into junk bond or non-investment grade territory. The ratings agency said the Egyptian economy is increasingly vulnerable to fragile global conditions, as the government tries to shift to a more export-oriented growth model in which the private sector plays a far bigger... + full article



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