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Moody's extends Egypt’s credit review for 3 months

2y 10mon ago by sh.itjust.works/u/sun_is_ra in egypt@sh.itjust.works from www.madamasr.com

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.