Moody’s Downgrades Egypt Rating
January 31, 2011 at 11:12 AM EST
Moody’s Investors Service (MCO) cut its rating on Egypt’s debt on Monday on concern about its public finances, becoming the second credit agency to turn negative since the country was plunged into political crisis. Moody’s said the one-notch downgrade, to Ba2 from Ba1 with a negative outlook, was prompted by a significant rise in political [...]