International rating agency Moody's Investors Service (Moodys) Monday (Jan. 31) that the growing risk of political events to the Middle East countries have a negative impact on credit quality.
Moody's said that although each country is unique, but in the long term the region are facing the same socio-economic challenges, the political unrest spread in the wider region the assumption is reasonable.
Moody's said that some countries with weak fiscal constitution will be more difficult to compromise to ease through the financial impact of public discontent.
Moody's said that at present the risk that political instability will continue to spread the impact of the country's financial and economic policies, and the fundamentals of a country constitute the structural impact of the credit.
Moody's sovereign credit rating on Monday to Egypt, from the original cut to Ba1 Ba2, and last week the sovereign credit rating from Baa2 Tunisia lowered to Baa3.