Moody’s Corporation intends to acquire a majority equity stake in Middle East Rating & Investors Service (MERIS), its Egypt-based affiliate credit rating agency.

Moody’s Ratings has affirmed Egypt’s Caa1 long-term foreign and local currency issuer ratings while maintaining a positive outlook, citing progress in external and fiscal rebalancing.

The economic growth trajectory for Egypt, Saudi Arabia, and the UAE in 2025 is expected to diverge from the expected slowdown in most major emerging markets, a report by Moody’s Investors Service showed.

Moody’s Ratings has affirmed the long-term bank deposit ratings of five Egyptian banks, while it revised their outlook from negative to positive.

Global ratings giant Moody’s has raise Egypt’s credit outlook from negative to positive following the expanded $8 billion funding from the International Monetary Fund (IMF).

Moody’s Investors Services has affirmed the long-term bank deposit ratings of five Egyptian banks, while it downgraded their outlook from stable to negative.

Arab Finance: Global ratings giant Moody's has downgraded Egypt's outlook from stable to negative, citing growing concerns about the country's credit profile, as per a recent statement.

The Ministry of Finance stated that Moody’s Investors Service did not take into account the government's current efforts when changing Egypt's outlook to negative.

Moody's projected that Egypt might have a tough time handling its debt and securing liquidity due to external challenges that have led to a decline in its local currency and higher interest rates.

Moody’s Investors Services has downgraded the long-term bank deposit ratings of five Egyptian banks, with a stable outlook.

Moody’s Investors Services has lowered Egypt’s long-term foreign- and local-currency issuer ratings to Caa1 from B3, with a stable outlook.

Moody’s Investors Services has maintained its review for downgrade of for Egypt’s B3 long-term foreign-currency and local-currency issuer ratings.

The review period will center on the government's ability to complete the intended $2 billion in asset sales required to meet the international Monetary Fund (IMF) program's financing targets for fiscal year (FY) 2022/2023 (ending June) and illustrate the viability of the program's external funding strategy, which heavily relies on asset sales.

Moody’s said that downgrading the long-term ratings of the five Egyptian lenders reflects “the weakening operating environment, as captured by Moody's lowering of its Macro Profile for Egypt to "Very Weak+" from "Weak-"; and the high interlinkages between the sovereign's weakened creditworthiness – as indicated by the downgrade of the sovereign rating to B3 from B2 – and the banks' balance sheets, given the banks' significant holdings of sovereign debt securities.”