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#Credit Rating Agency

Egypt's sovereign credit rating was raised from (B-) to (B) by international rating agency Standard and Poor's (S&P) on Friday. The one notch changed the status of Egypt's rating from stable to positive. In a report, S&P said that Egypt's long-term rating was lifted to B, and the floatation measure reduced the external imbalances and led to higher foreign reserves, according to Bloomberg, adding that the inflation has started to moderate. In May 2017, the governor of Central Bank of…