Egypt's Outlook Raised to Positive by Moody's on Lending Deals.

Moody's Ratings has raised Egypt's credit outlook to positive due to the nation's ability to secure funding from the International Monetary Fund and bilateral lenders. The credit-rating company also affirmed Egypt's Caa1 rating. Analyst Elisa Parisi-Capone stated that the positive outlook reflects official and bilateral support, as well as policy steps taken to support macroeconomic rebalancing. Additionally, large investments from the United Arab Emirates are expected to cover Egypt's external financing gap until June 2026, reducing downside risks. Egypt's decision to devalue the currency and raise interest rates will also help maintain an IMF program. [Extracted from the article]