Fitch raised Egypt’s credit rating outlook to positive from stable, recognizing the robust efforts in securing a substantial USD 57 bln international bailout and a landmark USD 35 bln investment deal with the UAE. Despite the positive outlook from Fitch, Egypt’s credit rating remains B-, a sentiment echoed by other major rating agencies such as S&P and Moody’s, which also reflect cautious optimism about the country’s fiscal and economic reforms.