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History of Egypt's downgrading in 2011
28 January 2011 Published in Al-Ahram Weekly on 03 - 11 - 2011

- 28 January 2011 : Fitch ratings revised its outlook for Egypt to negative.
- 31 January 2011 : Moody's downgraded Egypt's government bond ratings to Ba2 from Ba1 and changed the outlook to negative from stable.
- 1 February 2011 : S&P cut Egypt's long-term foreign and local currency ratings by one notch to BB and BB+ respectively, both with a negative outlook.
- 3 February 2011 : Fitch Ratings lowered Egypt's debt ratings by one notch to BB from BB+.
- 16 March 2011 : Moody's downgraded Egypt's foreign and local currency government bond ratings by one notch to Ba3 from Ba2. The outlook on these ratings remains negative.
- 18 October 2011 : S&P Ratings cut Egypt's long-term foreign currency sovereign credit rating to BB- from BB and its long-term local currency rating was cut to BB- from BB+. It maintained a negative outlook on the rating.
- 27 October 2011 : Moody's downgraded Egypt's government bond ratings by one notch to B1 from Ba3. The outlook remains negative.

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