Egypt Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Positive | B Stable | B- Stable | NR | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Oct 10, 2025 | S&P | B- | Positive | B | Stable | |
| Apr 18, 2025 | Scope Ratings | B- | Stable | NR | — | |
| Apr 12, 2024 | Scope Ratings | B- | Negative | B- | Stable | |
| Mar 18, 2024 | S&P | B- | Stable | B- | Positive | |
| Mar 07, 2024 | Moody's | Caa1 | Negative | Caa1 | Positive | |
| Jan 18, 2024 | Moody's | Caa1 | Stable | Caa1 | Negative | |
| Nov 03, 2023 | Fitch | B+ | Negative | B- | Stable | |
| Oct 20, 2023 | S&P | B | Negative | B- | Stable | |
| Oct 05, 2023 | Moody's | B3 | Under Review | Caa1 | Stable | |
| Sep 15, 2023 | Scope Ratings | B | Negative | B- | Negative | |
| May 09, 2023 | Moody's | B3 | Stable | B3 | Under Review | |
| Apr 21, 2023 | S&P | B | Stable | B | Negative | |
| Mar 31, 2023 | Scope Ratings | NR | B | Negative | ||
| Feb 07, 2023 | Moody's | B2 | Negative | B3 | Stable | |
| Nov 08, 2022 | Fitch | B+ | Stable | B+ | Negative | |
| May 26, 2022 | Moody's | B2 | Stable | B2 | Negative | |
| Apr 17, 2019 | Moody's | B3 | Positive | B2 | Stable | |
| Mar 21, 2019 | Fitch | B | Positive | B+ | Stable | |
| Aug 28, 2018 | Moody's | B3 | Stable | B3 | Positive | |
| May 11, 2018 | S&P | B- | Positive | B | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Egypt’s current credit rating?
Egypt’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Egypt’s credit risk.
Has Egypt’s credit rating changed recently?
This page lists the latest rating and outlook actions for Egypt, showing when each agency last reviewed or changed its assessment.
Why does Egypt’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Egypt's bond yields, currency, and equity flows as investors reassess risk.
How does Egypt’s rating compare to other countries?
You can explore how Egypt ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
Advertisement