Oct 10 (Reuters) – Credit ratings agency S&P Global upgraded Egypt's rating by a notch to 'B' from 'B-' on Friday, citing reforms undertaken over the past 18 months which have led to GDP growth rebounding sharply in fiscal 2025. "Given the stronger GDP growth prospects, increased revenue alongside expenditure control, and primary surplus targets tied to an IMF program, we expect fiscal consolidation to continue, albeit at a gradual pace," S&P said in a statement. The agency maintained its outlook for Egypt at 'stable'. (Reporting by Nishara K.P in Bengaluru; Editing by Shailesh Kuber)
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