Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | B- | positive | 25 Mar 2024 | outlook upgrade |
Moody's Investors Service | Caa1 | positive | 8 Mar 2024 | outlook upgrade |
Fitch Ratings | B+ | negative | 8 Nov 2022 | rating upgrade |
DBRS | - | - |
Current Egypt credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Egypt ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Egypt, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
Discover what a Credit Rating is and why it matters.
Egypt: Long-term Rating Scales Comparison
Egypt long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Egypt sovereign debt. These scales help investors understand the likelihood that Egypt will meet its financial obligations.
Symbol means a negative outlook.
Grade | Description | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|---|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
AA
|
Aa2
|
AA
|
AA
|
||
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
A
|
A2
|
A
|
A
|
||
A-
|
A3
|
A-
|
A(low)
|
||
Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
BB
|
Ba2
|
BB
|
BB
|
||
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
B
|
B2
|
B
|
B
|
||
B-
|
B3
|
B-
|
B(low)
|
||
Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
C
|
C
|
C
|
C
|
||
In Default |
RD
|
/
|
RD
|
RD
|
|
SD
|
/
|
SD
|
SD
|
||
D•NR
|
D•NR
|
D•NR
|
D•NR
|
Egypt Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Date | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|
1 Nov 2024 | B | |||
25 Mar 2024 | B- | |||
8 Mar 2024 | Caa1 | |||
19 Jan 2024 | Caa1 | |||
3 Nov 2023 | B- | |||
25 Oct 2023 | B- | |||
6 Oct 2023 | Caa1 | |||
8 May 2023 | B | |||
24 Apr 2023 | B | |||
8 Feb 2023 | B3 | |||
8 Nov 2022 | B+ | |||
27 May 2022 | B2 | |||
18 Apr 2019 | B2 | |||
22 Mar 2019 | B+ | |||
28 Aug 2018 | B3 | |||
11 May 2018 | B | |||
16 Jan 2018 | B | |||
10 Nov 2017 | B- | |||
11 Nov 2016 | B- | |||
13 May 2016 | B- | |||
13 Nov 2015 | B- | |||
15 May 2015 | B- | |||
7 Apr 2015 | B3 | |||
19 Dec 2014 | B | |||
20 Oct 2014 | Caa1 | |||
3 Jan 2014 | B- | |||
15 Nov 2013 | B- | |||
5 Jul 2013 | B- | |||
9 May 2013 | CCC+ | |||
21 Mar 2013 | Caa1 | |||
30 Jan 2013 | B | |||
18 Jan 2013 | B2 | |||
12 Jan 2013 | B3 | |||
24 Dec 2012 | B- | |||
15 Jun 2012 | B+ | |||
10 Feb 2012 | B | |||
30 Dec 2011 | BB- | |||
21 Dec 2011 | B2 | |||
24 Nov 2011 | B+ | |||
27 Oct 2011 | B1 | |||
18 Oct 2011 | BB- | |||
16 Mar 2011 | Ba3 | |||
3 Feb 2011 | BB | |||
1 Feb 2011 | BB | |||
31 Jan 2011 | Ba2 | |||
28 Jan 2011 | BB+ | |||
19 Aug 2009 | Ba1 | |||
18 Aug 2008 | BB+ | |||
23 Jun 2008 | Ba1 | |||
18 Jun 2007 | BB+ | |||
14 Mar 2005 | BB+ | |||
15 Nov 2003 | Ba1 | |||
22 Aug 2003 | BB+ | |||
21 Aug 2002 | BB+ | |||
22 May 2002 | BB+ | |||
22 Jan 2002 | BBB- | |||
7 Nov 2001 | Ba1 | |||
3 Jul 2000 | BBB- | |||
14 Nov 1997 | Ba1 | |||
1 Oct 1997 | Ba2 | |||
19 Aug 1997 | BBB- | |||
15 Jan 1997 | BBB- | |||
9 Oct 1996 | Ba2 |