Updated from 4:42 a.m. ESTNEW YORK ( TheStreet) -- Egypt's government bond ratings were downgraded by Moody's as the political unrest in the country reached a seventh day. The rating agency downgraded Egypt's government bond rating to Ba2 from Ba1. Moody's also changed the outlook to negative from stable. Last week, rating agency Fitch downgraded its outlook on Egypt to negative from stable.
|Demonstrators deface a poster of Egyptian President Hosni Mubarak in Alexandria, Egypt.|