Fitch Ratings has assigned Egypt’s new senior unsecured bonds issued under the sovereign’s Global Medium-Term Note program ‘B’ ratings, Invest-Gate reports.

According to the press release published on January 25, the ratings are in line with Egypt’s existing senior unsecured ratings and its long-term foreign-currency Issuer Default Rating (IDR) of ‘B’, which has a stable outlook. The IDR was last affirmed on 15 December 2016.