Egypt debt rating downgraded

clock

Moody's has cut Egypt's debt rating one notch, citing the ongoing political fallout.

The ratings agency has downgraded the country's debt rating from Ba1 to Ba2 and changed its outlook from 'stable' to 'negative' as it warned of a further downgrade in the medium term. It said the action was taken in response to a "significant rise in political event risk" as it expressed concern over the North African country's "deep seated" political and economic challenges. Should political and economic volatility escalate, Egypt's sovereign rating could be further downgraded, added Moody's. The downgrade comes after days of civil unrest in the Egyptian capital which has seen ang...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation falls to 3% to give BoE 'green light' for rate cut

UK inflation falls to 3% to give BoE 'green light' for rate cut

In line with expectations

Michael Nelson
clock 18 February 2026 • 2 min read
Interest rate cuts expected after UK GDP edges up 0.1%

Interest rate cuts expected after UK GDP edges up 0.1%

Construction output lowest since 2021

Patrick Brusnahan
clock 12 February 2026 • 2 min read
Leaked Budget document viewed almost 25,000 times ahead of speech

Leaked Budget document viewed almost 25,000 times ahead of speech

Office for Budget Responsibility chair Richard Hughes quit as a result

Jenna Brown
clock 11 February 2026 • 2 min read