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Fitch affirms Egypt at B rating
Dr. Abdel Moneim El-Sayed confirmed that Fitch's rating agency maintaining Egypt's sovereign credit rating at "B" with a stable outlook reflects the Egyptian economy's ability to withstand pressures and shocks. It sends a positive message to markets and investors. This comes amid improvements in macroeconomic indicators and an increase in foreign currency liquidity sources, which enhances confidence in the Egyptian economy and affirms its financial stability.
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