Nov 11 Standard & Poor's (S&P) Global Ratings: * S&P revises Egypt sovereign credit outlook up to stable from negative; current rating is B- * Ratings on Egypt remain constrained by "wide fiscal deficits, high public debt, low income levels, and institutional and social fragility" * Project that Egypt's real GDP growth will exceed 4 percent by 2019 * Increase in Egypt's inflation in near term on currency devaluation, subsidy cuts on top of interest rate hikes to weigh on domestic consumption * Revised Egypt's outlook to reflect balance between long-standing external, fiscal vulnerabilities among other factors * Stable outlook balances Egypt's external, fiscal vulnerabilities, against likely IMF support after government's upfront delivery on program reforms * Anticipate Egypt's economic growth will start recovering in 2018-2019, fueled by domestic consumption and investments
