S&P Global Ratings has upgraded Egypt’s long-term sovereign credit rating to ‘B’ from 'B-', while Fitch Ratings affirmed its ‘B’ rating; both with a ‘stable’ outlook.

The European Bank for Reconstruction and Development (EBRD) has cut Egypt’s gross domestic product (GDP) growth forecast for 2025 to 4.2%, 0.3% down from its September estimates, according to EBRD’s latest Regional Economic Prospects report.

S&P Global Ratings has affirmed its long- and short-term local and foreign currencies credit ratings on the country at “B-/B”, with a positive outlook.

Fitch Ratings has upgraded the outlook of four Egyptian banks’ long-term issuer default ratings (IDRs), namely the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Commercial International Bank (CIB), from stable to positive, affirming IDRs at B-.

Fitch Ratings has revised Egypt’s outlook to positive from stable, affirming the country’s long-term foreign-currency issuer default rating (IDR) at ‘B-’.

S&P Global Ratings has revised its credit outlook on Egypt to positive from stable, while affirming its long- and short-term local and foreign currencies credit ratings on the country at “B-/B.

Global ratings giant Moody’s has raise Egypt’s credit outlook from negative to positive following the expanded $8 billion funding from the International Monetary Fund (IMF).

The Mastercard Economics Institute expects real consumer spending in Egypt to rise by 1.2% year on year (YoY) in 2024, according to the institution’s Economic Outlook 2024 report.

Citigroup Inc. has turned bullish on Egypt’s dollar bonds, saying that the country will access further financing, given its major geopolitical location.

The International Monetary Fund (IMF) has trimmed its forecast for Egypt’s real gross domestic product (GDP) for the current fiscal year (FY) 2023/2024 to 3.6% from its previous projection of 4.1%

The European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real gross domestic product (GDP) growth to 4.5% for 2024, 0.7% down from its previous forecast in May.