Standard & Poor’s cuts Egypt’s sovereign rating due to unrest; outlook negative

February 10,2012

CAIRO — Ratings agency Standard & Poor’s has pushed Egypt’s sovereign credit ratings deeper into junk status, citing declining foreign reserves and continued unrest.

http://www.washingtonpost.com/business/economy/standard-and-poors-cuts-egypts-sovereign-rating-due-to-unrest-outlook-negative/2012/02/10/gIQAhOkT4Q_story.html