Moody’s
Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent
The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1
Ratings reaffirm financial resilience and strategic importance within national economy
First upgrade since 2007
Egypt's overall classification was affirmed at Caa1 in October 2023
OPEC maintains 2.25 mn bpd demand growth forecast
Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating
IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion
Rating highlights a negative real GDP growth of 2.6 percent in 2022
Gold prices increased 0.42 percent during Sunday's Asian trading session
