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Moody's extends Egypt’s credit review for 3 months (www.madamasr.com)

submitted 1 year ago by sun_is_ra to c/egypt

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The agency, which downgraded the Egyptian economy’s creditworthiness in February on the back of the foreign exchange crisis and the depreciation of the national currency on foreign exchange markets, has been reviewing Egypt’s ability to repay its debts in foreign and local currency since May.

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