Morgan Stanley turns bearish on Egypt, warns risks building. Meanwhile, Egypt’s non-oil activity contracts in September for the 34th. month in a row. Morgan Stanley is turning bearish on Egypt as the cash-strapped nation faces [ More … ]
Ratings agency Moody’s lowered Egypt’s sovereign rating by one notch to B3 from B2 on Tuesday, citing the country’s reduced external buffers and shock absorption capacity. Moody’s Investors Service downgraded Egypt’s credit rating to B3 [ More … ]
Amman joins several Arab nations amid ongoing row Jordan will downgrade diplomatic ties with Qatar, following the example of several nations in the Arab world, Amman said Wednesday. The decision aims to ensure regional stability, [ More … ]
An international credit rankings agency’s decision to downgrade Turkey’s rating is unjustified, an expert said Saturday as Turkey continues to recover from the failed July 15 coup attempt, reported Anadolu Agency. Moody’s downgraded Turkey’s sovereign debt rating [ More … ]
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