Manufactoring_journal
Manufacturing-Leaders-680x180
event logo 680x180
PACK_AD_680x180-_MJ
BN 680x180-01
SmartManufacturingLogo
Previous Next

Egypt debt rating downgraded by Moody's

Ratings agency Moody's has cut its debt rating for Egypt, and changed its outlook from stable to negative.

Moody's said the cut was "prompted by the recent significant rise in political event risk and concern that the policy response could undermine Egypt's already weak public finances".

It has downgraded the country's debt rating one notch from Ba1 to Ba2.

Thousands of Egyptian protesters have taken to the streets, calling for President Hosni Mubarak to step down.

BBC News

seattle property management