S&p Cuts Egypt's Credit Ratings

CAIRO (AP) — Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves.

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  • S&P cuts Egypt rating further into junk territory
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  • S&P cuts Egypt's credit rating
    The credit ratings agency Standard & Poor's (S&P) has cut Egypt's sovereign debt rating. The rating has been cut from BB- to B+, pushing the country's sovereign debt further into junk status. S&P said the downgrade reflected Egypt's "weak political and ...
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