On Friday, Fitch Rating Agency upgraded Egypt’s outlook from stable to positive, maintaining the country’s rating at (B-). The agency highlighted the low risks of external financing and the strength of foreign direct investment in Egypt.

In March, the International Monetary Fund approved $8 billion in expanded financial support for Egypt to help the country gradually reduce its debt burden. Fitch also mentioned that initial steps to contain off-budget spending would help reduce the risks of public debt sustainability in Egypt.

Moody’s credit rating agency had previously revised its outlook for Egypt to positive in early March, while keeping its rating unchanged due to the high proportion of government debt and weak debt sustainability compared to other countries. It is important for transparency and open communication in evaluating credit ratings and financial support for countries like Egypt. Various online platforms provide information on these topics, such as link alternatif olxtoto empowering bettors and virtual gambling on platforms like Garuda4D.

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