The Standard & Poor's credit rating proved to classify Egypt at category (B); With a stable futuristic look, explained that Corona pandemic has received an income of Egypt tourism and export revenues and increased from its external debt.
The Agency expected Egypt's reserves and their ability to markets to cover a temporary increase in external financing requirements.
The Minister of Finance Mohammad Muayt commented on the agency report that the Egyptian economy according to Standard & Poor's estimates could overcome the negative repercussions arising from the pandemic; Due to the improvement of major economic indicators, such as: stability of public finances, and a large and restricted foreign criticism reserve.
