Egypt’s credit rating downgraded
Cairo, February 05:Egypt’s credit rating and economic outlook have been downgraded by rating agencies due to the ongoing political unrest.
Credit Agricole bank revised downward its growth forecast for Egypt this year from 5.3 percent to 3.7 percent, DPA reported.
On Saturday, Egyptian President Hosny Mubarak met ministers holding economic portfolios and the head of the central bank at the presidential palace in Cairo, state media reported.