Latest in Tag: Moody’s Highlight

Latest in Tag: Moody’s

Egypt’s IMF programme to support fiscal, external positions: Moody’s

While Egypt’s IMF programme will support gradual improvements to the country’s fiscal and external position, its social and economic costs risk slowing the pace of fiscal reform, Moody’s Investors Service said in a report on Wednesday. “The implementation of the targets of the IMF programme—including reductions in fiscal deficits and government debt levels, as well …

Hisham Salah

A survey of western opinion on Egypt’s plans for reform

Egypt’s current economic troubles and reform efforts have been the main topic of discussion in a slew of articles recently, many of which pin the blame on the country’s ruling regime, such as Bloomberg’s “Egypt’s Failing Economy is Sisi’s Fault”. The government, however, is not only battling against the challenges of the present, but also …

Nicholas Mehling

Moody’s lowers Volkswagen’s credit rating

US ratings agency Moody’s has downgraded VW’s credit rating in response to the German carmaker’s deepening pollution scandal. Due to the latest revelations, the agency’s outlook for the company was negative. Moody’s hit embattled German auto maker Volkswagen Wednesday with a credit rating downgrade, saying the company’s reputation and earnings were at risk from the …

Deutsche Welle