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Moody's Boosts Egypt's Credit Rating
Moody's has upgraded Egypt's credit rating to "B3" with a positive outlook, supported by the Egyptian government's ongoing efforts to implement financial reforms and reduce public debt. The debt-to-GDP ratio has decreased from 95.2% in June 2023 to 81.8% in June 2026. The report expects this improvement to continue, driven by sustained primary surpluses and lower financing costs, as Egypt demonstrates resilience to external shocks thanks to the liberalization of the exchange rate and tighter monetary policies. Additionally, international reserves have increased to $57 billion as of September 2026.
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