H E Mr Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), welcomed

the recent decision by S&P Global Ratings to upgrade Egypt’s sovereign credit rating

from “B-” to “B” with a stable outlook He affirmed that the upgrade reflects growing

international confidence in the Egyptian economy, driven by a comprehensive agenda

of monetary and structural reforms The Governor highlighted that exchange rate unification

was a pivotal measure in enhancing market stability and restoring investor trust, pointing to

recent improvements in external sector indicators and the increase in foreign exchange reserves

as evidence of the reform program’s effectiveness

CBE Reaffirms Commitment to Price Stability and Sustainable Growth

Mr Abdalla reiterated the Central Bank’s commitment to implementing sound monetary policies

aimed at curbing inflation, maintaining financial system stability, and fostering sustainable economic

growth These policy directions are essential for enhancing Egypt’s economic resilience and reinforcing

international investor confidence

Central Bank : FX Liberalization and Reform Drive Boost Economic Outlook

On Friday, S&P Global Ratings announced its decision to raise Egypt’s long-term credit rating

to “B” marking the country’s first upgrade in seven years The agency cited significant economic

reforms over the past 18 months, most notably the liberalization of Egypt’s foreign exchange regime

 as the primary driver behind the rebound in GDP growth during fiscal year 2025

S&P noted that transitioning to a flexible exchange rate has strengthened Egypt’s economic fundamentals

alongside notable increases in tourism revenues, remittance inflows, and net financial inflows, which have

collectively supported the country’s external financial position

Fitch Ratings Affirms Egypt’s ‘B’ Rating with Stable Outlook

In parallel, Fitch Ratings reaffirmed Egypt’s long-term foreign-currency credit rating

at “B” with a stable outlook, acknowledging the country’s resilient economic performance

improved external accounts, and continued progress in fiscal consolidation, despite regional

geopolitical pressures

 Egypt Gains Global Recognition for Reform Progress

Central Bank The latest credit rating upgrade by S&P and affirmation by Fitch send a strong signal to global

markets about Egypt’s economic reform credibility, policy discipline, and determination to sustain

macroeconomic stability These developments are expected to enhance Egypt’s attractiveness to

international investors, improve financing terms, and support long-term economic development