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aljaridaEconomy By جريدة الجريدة الكويتية

Standard & Poor's confirms Egypt's credit rating at B/B with stable outlook

Standard & Poor's confirms Egypt's credit rating at B/B with stable outlook

The agency said that an escalation of the conflict, which keeps energy prices elevated for longer, could exacerbate inflationary pressures, adding that Egypt continues to benefit from strong external support on favorable terms, although reaching an arrangement with the International Monetary Fund later remains unlikely.

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