(The following statement was released by the rating agency)
HONG KONG, May 30 (Fitch) Fitch Ratings has affirmed Egypt's
Long-Term Foreign-
and Local-Currency Issuer Default Ratings (IDRs) at 'B' with a
Stable Outlook.
The issue ratings on Egypt's senior unsecured foreign- and
local-currency bonds
have also been affirmed at 'B'. The Country Ceiling has been
affirmed at 'B' and
the Short-Term Foreign-Currency IDR at 'B'.
KEY RATING DRIVERS
Egypt's ratings balance a high fiscal deficit and ge
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