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(Adds details from Moody's report, background throughout) Oct 16 (Reuters) — Moody's upgraded Egypt's long-term sovereign credit rating by one notch to "B3" from "Caa1" on Friday, citing strong fiscal consolidation and structural reforms. "The shift to a flexible exchange rate and tighter monetary policy has strengthen
Moody’s raised Egypt’s long-term sovereign credit rating by one notch on Friday, citing fiscal consolidation and structural reforms. The report also cites a flexible exchange rate and tighter monetary policy.
Moody’s cited strong fiscal consolidation and structural reforms in its upgrade of Egypt’s long-term sovereign credit rating.