Standard & Poor’s announced on Friday that it has upgraded Egypt’s rating to “B” with a stable outlook.
The rating upgrade reflects the reforms undertaken by the state over the past 18 months, it noted.
It added that Egypt’s general budget made a primary surplus equivalent to 3.5 percent of GDP during fiscal year 2025 (which ended June 30, 2025), reflecting the government’s commitment to fiscal consolidation
However, the agency noted that the most significant challenges facing public finances remain reducing the high interest bill and extending domestic debt maturities to ease pressure on the budget.
Standard & Poor’s affirmed that the stable outlook showcases a balance of expectations between improved economic growth prospects and balance of payments trends, on the one hand, and continued increases in the budget deficit and government debt levels – including external trade liabilities – on the other.
