3 major emerging economies - Turkey, Egypt, and Nigeria - see credit ratings upgraded, boosting markets.

3 major emerging economies - Turkey, Egypt, and Nigeria - see credit ratings upgraded, boosting their markets. Turkey gets an S&P upgrade due to orthodox economic policies, Egypt's outlook improves after securing a bailout, and Nigeria's outlook lifts due to faster reforms since new President Tinubu took office. This leads to a rally in emerging-market equities for three days.

May 06, 2024
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