Latest in Tag: credit rating
Egypt’s credit rating reflects resilience to financing shocks supported by liquidity buffers: Moody’s
Ending state of emergency in Egypt to attract more FDIs, improve credit rating: Banking leaders
On Monday evening, Al-Sisi announced ending the extension of the state of emergency nationwide for the first time in many years.
Hossam Mounir
October 26, 2021
Egypt’s reforms, substantial international reserves to alleviate COVID-19 impact on credit rating: MEI
With energy sector at helm, Egypt has navigated its way through difficult and fruitful economic transformation
Daily News Egypt
October 11, 2020
Egypt’s credit rating reflects resilience to financing shocks supported by liquidity buffers: Moody’s
Track record of effective fiscal, economic and debt management also reflects positively on Egypt’s credit profile says Moody’s
Mohamed Abdel Meguid
September 2, 2020
Egypt is only MEA country to maintain credit rating at big 3 agencies: Maait 
Fitch Ratings placed Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with stable outlook
Nehal Samir
July 28, 2020
Moody’s maintains Egypt’s B2 credit rating, stable outlook 
CBE measures in recent weeks strengthen Egyptian economy, says credit rating agency
Daily News Egypt
April 21, 2020
S&P’s upgrade of credit rating confirms Egypt is on right path: El-Garhy
Minister of Finance Amr El-Garhy welcomed the Friday decision of Standard & Poor’s (S&P) to raise Egypt’s credit rating to B from B-, stressing that this step confirms that the state is on the right path and asserts confidence in the Egyptian economic reform programme. El-Garhy added that the decision will contribute to attracting more …
Mohamed Samir
May 12, 2018
Possible to raise Egypt credit rating in 2018: S&P
We expect 4.3% growth in current FY. Infrastructure spending will boost growth of construction sector, says Gupta
Daily News Egypt
January 22, 2018
S&P raises Egypt’s outlook to positive from stable, affirms credit rating at ‘B’
Egypt’s general government fiscal deficit to decrease to 8.2% of GDP by FY 2020, S&P forecast
Mohamed Samir
November 11, 2017
Cathedral bombing may affect Egypt’s credit rating: professor
Acts of terrorism rouse foreign concerns about coming to Egypt; therefore, the dollar flow decreases, says Mashhour
Shaimaa Al-Aees
December 15, 2016
Standard and Poor’s revises Egypt’s outlook from ‘negative’ to ‘stable’
S&P projects Egypt’s GDP growth may exceed 4% by 2019
Mohamed Samir
November 11, 2016
S&P downgrades UK credit rating
Ratings agency Standard & Poor’s has removed the UK’s coveted top credit rating status because of its vote to leave the European Union. S&P was the last of the big three credit assessment agencies to do so.
June 27, 2016
South Africa’s President Zuma takes credit for keeping BBB- credit rating
President Jacob Zuma has welcomed the decision by Standard and Poor’s (S&P) to maintain South Africa’s investment rating at BBB-. However, the agency report also included a gloomy outlook.
June 5, 2016
Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says
Daily News Egypt
March 17, 2016
Moody’s lowers Volkswagen’s credit rating
US ratings agency Moody’s has downgraded VW’s credit rating in response to the German carmaker’s deepening pollution scandal. Due to the latest revelations, the agency’s outlook for the company was negative. Moody’s hit embattled German auto maker Volkswagen Wednesday with a credit rating downgrade, saying the company’s reputation and earnings were at risk from the …
November 4, 2015
International ratings agencies elevate Egypt’s rating in 1 year
Fitch raises Egypt’s rating to B, S&P’s upgrades outlook to positive, Moody’s promotes rating to B3
Doaa Farid
September 8, 2015
Egypt needs greater productivity to increase credit rating: MERIS Chairman
Egypt’s decision-making technique needs to change, says Hassanein
Hossam Mounir
September 8, 2015
Suez Canal extension will take time to affect positive credit: Moody’s
Canal expansion is part of wider project to turn surrounding area into special economic zone
Doaa Farid
August 13, 2015
Egypt to issue bonds on international markets after higher credit ranking: Cabinet
Lowering dues of foreign oil companies, amending investment laws and resolving conflicts boost business sector’s trust
Mohamed Ayyad
January 6, 2015
B-/B ratings affirmed, Al-Sisi expected to win: Standard and Poor’s
S&P notes that violence may escalate if “social elements” are radicalised, which will result in the continuous weakening fiscal and external accounts
Sara Aggour
May 17, 2014
Kerry, Lavrov hold talks in scramble for Ukraine solution
The diplomatic push comes amid alarm over Russia’s military buildup on Ukraine’s borders, fanning fears it plans to seize more territory following its lightning annexation of Crimea.
Daily News Egypt
March 30, 2014
S&P raises ratings on four Egyptian banks
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
Doaa Farid
November 19, 2013
S&P raises Egypt sovereign credit rating to B- from CCC+
Reuters – Standard & Poor’s Ratings has raised its long and short-term foreign and local currency sovereign credit ratings on the Arab Republic of Egypt to ‘B-/B’ from ‘CCC+/C’. The upgrade reflects S&P’s view that the Egyptian authorities have secured sufficient foreign currency funding to manage Egypt’s short-term fiscal and external financing needs. “We expect support from bilateral …
Daily News Egypt
November 15, 2013
Fitch cuts Egypt’s credit ratings from B to B-
The global rating firm could further downgrade Egypt’s credit rating, as outlook is already negative
Nada Badawi
July 6, 2013
Banks: We are most affected by downgrades
MERIS downgrades long- and short-term credit ratings of NBE, Banque Misr, and CIB
Daily News Egypt
May 12, 2013
Expert: Downgrade timing casts doubt over IMF negotiations
New credit rating one level above Cyprus and below Greece and Pakistan
Daily News Egypt
May 12, 2013
Standard and Poor’s downgrades Egypt credit rating
Egypt’s long-term rating was lowered to ‘CCC+’ from ‘B-‘, while its short-term rating dropped to ‘C’ from ‘B’
Daily News Egypt
May 9, 2013
Egypt and Qatar negotiate bond deal
Qatar promises to buy $3bn in bonds from Egypt
Hend El-Behary
April 29, 2013
Moody’s downgrade
Rating agency drops Egyptian government bond to Caa1 from B3
Daily News Egypt
March 21, 2013
Egyptian economy in freefall
Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy
Daily News Egypt
February 3, 2013
Cost of shipping and insuring imports to rise
Recent downgrade in Egypt’s credit rating to have a huge negative effect on the country’s import levels
Liliana Mihaila
December 26, 2012

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