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S&P upgrades Egypt’s credit rating to ‘B’; Fitch affirms with stable outlook
S&P Global Ratings has upgraded Egypt’s long-term sovereign credit rating to ‘B’ from 'B-', while Fitch Ratings affirmed its ‘B’ rating; both with a ‘stable’ outlook. S&P Global cited the country’s ongoing reform measures and signs of economic recovery, affirming the ‘B’ short-term sovereign credit rating. The agency also raised…
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