Standard & Poor’s cuts Egypt sovereign rating on political crisis

November 24,2011

 Ratings agency Standard & Poor’s on Thursday pushed Egypt’s sovereign credit ratings deeper into junk status, citing the country’s dire political and economic situation and the increased risk of civil strife.

http://www.washingtonpost.com/business/economy/standard-and-poors-cuts-egypt-sovereign-rating-on-political-crisis-outlook-negative/2011/11/24/gIQAWOBTrN_story.html