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Egypt had its long-term foreign-currency sovereign credit rating cut to BB- from BB and long-term local-currency rating cut to BB- from BB+ by Standard & Poor’s Ratings Services. The outlook is negative.

Photographer: Shawn Baldwin/Bloomberg

Egypt had its long-term foreign-currency sovereign credit rating cut to BB- from BB and long-term local-currency rating cut to BB- from BB+ by Standard & Poor’s Ratings Services. The outlook is negative.
October 18, 2011
Article
Egypt Credit Rating Cut to BB- by S&P on Deficit, Risks
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