Moody’s upgrades GIG Egypt’s rating

Moody’s has upgraded GIG Egypt’s Financial Strength Rating from Ba2 to Ba1, maintaining a positive outlook.

The upgrade follows Moody’s revision of Egypt’s sovereign rating from Caa1 to B3, also with a positive outlook.

The rating reflects GIG Egypt’s resilient financial position, diversified portfolio, and strong support from its parent company, Gulf Insurance Group (GIG).