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RatingsEgyptDeveloping story

Fitch affirms Egypt at 'B' with Stable Outlook on Oct 8, 2026

On 8 October 2026 Fitch Ratings affirmed Egypt’s long-term foreign‑currency rating at 'B' with a Stable outlook. The agency cited stronger reserves, projected lower inflation and a narrowing current‑account deficit while noting ongoing debt and external financing risks.

MSA Market DeskEvent 8 October 2026Reviewed 1 min read

The desk brief

On 8 October 2026 Fitch Ratings affirmed Egypt’s long-term foreign‑currency rating at 'B' with a Stable outlook. The agency cited stronger reserves, projected lower inflation and a narrowing current‑account deficit while noting ongoing debt and external financing risks.

A Fitch affirmation at 'B' with a Stable outlook reinforces Egypt’s external‑credit benchmark status and can support secondary market pricing for Egypt’s USD eurobonds, particularly mid‑tenors. The rating decision may underpin investor confidence conditional on continued reserve accumulation and falling inflation; it does not itself change debt service schedules or IMF program timelines.

Monitor IMF program conclusion expected November 2026 and any comments from sovereign debt investors on secondary eurobond pricing.

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Price Discovery

Egypt sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

18 priced bonds
10.71%9.66%8.61%7.56%6.52%20272035204420522061Egypt 27 · Jan 2027 · 7.124%Egypt 27 Sept · Sept 2027 · 7.071%Egypt 28 · Feb 2028 · 7.133%Egypt 29 · Mar 2029 · 7.741%Egypt 30 · Feb 2030 · 7.911%Egypt 31 · Feb 2031 · 8.221%Egypt 32 Jan · Jan 2032 · 8.653%Egypt 32 May · May 2032 · 8.684%Egypt 33 Feb · Feb 2033 · 8.760%Egypt 33 Sept · Sept 2033 · 8.753%Egypt 40 · Apr 2040 · 8.893%Egypt 47 · Jan 2047 · 10.146%Egypt 48 · Feb 2048 · 10.136%Egypt 49 · Mar 2049 · 10.127%Egypt 50 · May 2050 · 10.144%Egypt 51 · Sept 2051 · 10.156%Egypt 59 · Nov 2059 · 10.130%Egypt 61 · Feb 2061 · 10.056%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Egypt 27Jan 2027100.0637.124%
  • Egypt 27 SeptSept 202798.8757.071%
  • Egypt 28Feb 202899.3137.133%
  • Egypt 29Mar 202999.6887.741%
  • Egypt 30Feb 2030102.0007.911%
  • Egypt 31Feb 203191.6258.221%
  • Egypt 32 JanJan 203293.3758.653%
  • Egypt 32 MayMay 203295.3758.684%
  • Egypt 33 FebFeb 2033103.2508.760%
  • Egypt 33 SeptSept 203392.5638.753%
  • Egypt 40Apr 204084.3138.893%
  • Egypt 47Jan 204785.93810.146%
  • Egypt 48Feb 204880.62510.136%
  • Egypt 49Mar 204987.43810.127%
  • Egypt 50May 205088.68810.144%
  • Egypt 51Sept 205187.31310.156%
  • Egypt 59Nov 205981.18810.130%
  • Egypt 61Feb 206175.43810.056%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

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