Egypt Credit Rating

CREDIT RATINGS • SUMMARY
EGYPT
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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.

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 positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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
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Egypt Credit Ratings historical data

Timetable of Egypt credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

Not enough data.

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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
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