Egypt's credit risk jumps 36% since Sisi electedSource: www.export-egypt.com 1/12/2015, Location: Africa |
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Egypt's credit risk has grown by 36 percent since President Abdel Fattah al-Sisi was elected in June 2014, according to a Bloomberg report.
Egypt’s economic outlook has led to a sharp increase in the country’s sovereign risk profile, international credit rating agency Moody’s said in a recent report, according to a research report issued by Sigma Capital. "The one-year External Default Frequency (EDF) for Egyptian government debt increased from 0.09 percent in early October to 0.18 present in the week ending on November 20," Moody’s said Meanwhile, Egypt’s five-year Sovereign EDF rose from a low of 0.68 present to the current figure of 1.18 percent, Moody’s adde |
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