The Cabinet’s Media Centre has highlighted Moody’s credit rating agency’s decision to maintain its positive outlook on the Egyptian economy, a stance in place since March 2024, despite ongoing regional challenges.
Moody’s indicated that this outlook reflects the growing likelihood of sustaining the fiscal and external improvements achieved by Egypt, supported by the government’s continued commitment to economic policies and structural reforms.
These efforts are expected to enhance debt sustainability and reduce financing requirements, the centre said in a statement.
The agency further noted that ongoing reforms to the business environment are set to strengthen medium-term growth prospects and contribute to the overall improvement of economic performance.
It also pointed out that the government has maintained notable primary fiscal surpluses since the 2024 fiscal year, driven by effective expenditure management and increased tax revenues.
In addition, Moody’s highlighted that recent government measures aimed at rationalising energy consumption are expected to help contain fiscal pressures and support the achievement of a primary surplus exceeding that of the previous fiscal year.
Moody’s Ratings has affirmed Egypt’s Caa1 long-term foreign and local currency issuer ratings and maintained a positive outlook, also affirming its foreign-currency senior unsecured ratings and MTN programme at (P)Caa1.
