Sovereign Credit Insights EMEA Edition

June Spotlight: An update on Turkey, Kuwait and Egypt

  • Update on Turkey (B2 negative) in light of renewed currency pressures
  • Kuwait’s (A1 stable) prospects in light of higher oil prices
  • Update on Egypt (B2 Negative) following change in outlook to negative

Update on Turkey (B2 negative) in light of renewed currency pressures

How will the economy perform this year given numerous headwinds? How will Turkey meet its external financing needs this year? Why has the currency weakened again in recent weeks?

Kuwait’s (A1 stable) prospects in light of higher oil prices

What is the rationale behind maintaining the stable outlook amid the current higher oil price environment?  What are Kuwait’s longer-term reform prospects?


Update on Egypt (B2 Negative) following change in outlook to negative

To what extent have rising food and fuel import prices, broader inflation dynamics and tightening global financing conditions eroded Egypt’s shock absorption capacity?  To what extent does the government’s crisis response and reform track record support the rating?

  • Speakers keyboard_arrow_down
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    David Rogovic Vice President - Senior Analyst, Sovereign Risk Group Moody's Investors Service Bio
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    Lenaic Couderc Associate Analyst, Sovereign Risk Group Moody's Investors Service Bio
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    Rafay Ahmad Associate Analyst, Sovereign Risk Group Moody's Investors Service Bio
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    Serra Battal Associate Analyst, Sovereign Risk Group Moody's Investors Service Bio
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