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

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…#egypt #northafrican #egyptian #abdelfattahelsisi #cairo #imf #ukraine #saudiarabia #kuwait #qatar
Source: Reuters: Health - Category: Consumer Health News Source Type: news