Moody's cut in Egypt under the Ratings Outlook Negative

Moody's Investors Service (Moody's Investors Service) 27 announced that the Egyptian government debt rating cut one from "Ba3" down to "B1", the reasons for the current weak economy and unstable political situation. Moody's pointed out that Egypt's foreign exchange reserves of a huge loss, transition into the civilian government also suffered uncertainty. As Egypt's credit ratings outlook remains negative. ...Moody's cut in Egypt under the Ratings Outlook Negative