Fitch Maintains Egypt's Rating at 'B' with Stable Outlook

Fitch Ratings has maintained Egypt's credit rating at 'B' with a stable outlook, a decision welcomed by Egypt's Ministry of Finance, which affirmed that the economy has demonstrated resilience amid regional turmoil.

The ministry stated in its announcement that growth reached 5.1% during fiscal year 2025/2026, driven by expansion in the manufacturing, telecommunications, and information technology sectors. The primary surplus reached 4.9% of GDP, while the overall budget deficit narrowed to 5.8% in the same fiscal year.

Tax revenues increased by 27% without the imposition of new levies, occurring concurrently with the implementation of tax relief packages. The ministry stressed its commitment to balanced fiscal policies aimed at stimulating economic activity while maintaining fiscal discipline.