Fitch: Egypt’s Budget, Fuel Subsidies Cut Show Fiscal Commitment
Monday, 24th July 2017
Fitch Ratings states Egypt’s new budget, alongside lower electricity and fuel subsidies demonstrate continued commitment to fiscal consolidation and economic reform, backed by the country's IMF program, Invest-Gate reports.
Fitch Downgrades Saudi Arabia’s Rating to A+
Thursday, 23rd March 2017
Fitch Ratings downgrades Saudi Arabia by one notch to A+ with a stable outlook from AA- with a negative outlook, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans, Invest-Gate reports.