#S&P Global Ratings

EGYPT-TOURISM

Egypt’s credit outlook upgraded to positive by S&P amidst foreign investments

Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence

UAE President receives Egypt President photo Wam

S&P upbeat on Egypt rating after $35bn UAE deal

Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support

US credit rating downgraded

US credit rating downgraded from AAA by Fitch

The US is now rated AA+ by Fitch, one step below AAA, and the assessor has a stable outlook on the country

emaar

Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood

S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector

Kuwait gets first Moody’s downgrade over ‘liquidity risks’

Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings

Oman Muscat

Moody’s downgrades Oman for a second time in 2020 as oil dips

This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock