Finance ministry in Egypt vows to cut debt service costs following Moody’s ‘B3’ rating
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Reducing high debt service costs at a faster pace is the focus of further structural reforms, the Egyptian finance ministry announced following a decision by Moody’s to upgrade the country’s credit rating to “B3” with a positive outlook.
In a statement addressing the upgrade, the ministry acknowledged the ongoing challenge of high debt servicing but attributed the improved rating to economic and fiscal reforms that have stabilised public finances and accelerated economic
In a statement addressing the upgrade, the ministry acknowledged the ongoing challenge of high debt servicing but attributed the improved rating to economic and fiscal reforms that have stabilised public finances and accelerated economic
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