Roundup: Egypt considers Moody's ratings as "positive decision" amid ongoing global economic challenges

CAIRO, May 27 (Xinhua) -- Egyptian Finance Minister Mohamed Maait on Friday described Moody's decision to maintain some of the country's credit rating levels as "a very positive decision" in light of global economic difficulties that emerging economies are dealing with.

In a statement released by the Finance Ministry, Maait said Moody's report reflected international institutions' confidence in the flexibility and strength of the Egyptian economy after the implementation of the country's economic and financial reforms over the past six years.