Saudi Arabia, China financial support is credit positive for Egypt, Moody's says
The recent pledges for financial support by Saudi Arabia and China to Egypt are credit positive for the country as they ease the recent balance of payments pressures, said international credit agency Moody's in a statement on Monday. The international credit agency saw these packages as a sign Egypt is broadening its pool of support and as a step towards improved funding transparency regarding funding conditions. (ahramonline)
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