credit rating
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Business
June 8, 2016
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has maintained its stable outlook…
Standard & Poor’s cuts Egypt credit rating to stable
Business
November 14, 2015
Standard & Poor’s cuts Egypt credit rating to stable
Standard & Poor's cut Egypt's credit rating outlook to stable from positive, keeping Egypt's long-term rating at B-. The institution said…
International Expert: Improvement in credit rating of Egypt depends on the outcome of EEDC
Business
March 13, 2015
International Expert: Improvement in credit rating of Egypt depends on the outcome of EEDC
Major international credit rating institutions believe that Egypt's current rating is stable, said economy expert Amr Hassanein. Moody's, Fitch and Standard…
ADB: Credit rating of Egypt and Tunisia limits their borrowing
Business
May 22, 2014
ADB: Credit rating of Egypt and Tunisia limits their borrowing
Donald Kaberuka, head of the African Development Bank (ADB), said on Thursday that the low credit rating of Egypt and…
Stock market rises despite Monday riots
Business
July 16, 2013
Stock market rises despite Monday riots
Violence clashes Monday night have had almost no effect on Egypt's stock markets, as indexes went up on Tuesday trading,…
Moody’s downgrades Egypt, citing unsettled political conditions, weak finances
Business
March 22, 2013
Moody’s downgrades Egypt, citing unsettled political conditions, weak finances
Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance…
Central Bank raises rates to curb inflation, support pound
Business
March 22, 2013
Central Bank raises rates to curb inflation, support pound
The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but…
Stock market loses LE500 million on Thursday
Business
February 14, 2013
Stock market loses LE500 million on Thursday
After a shaky day for the market, stock indexes closed with a LE500 million loss on Thursday. The main index…
Moody’s cuts Egypt, cites unrest and IMF doubt
Business
February 12, 2013
Moody’s cuts Egypt, cites unrest and IMF doubt
Ratings agency Moody's cut Egypt's credit rating on Tuesday, citing doubts about its ability to secure International Monetary Fund support…
Egypt makes top 10 list of countries not likely to pay back debt
Business
October 22, 2012
Egypt makes top 10 list of countries not likely to pay back debt
Egypt was named as the 10th riskiest debtor in the world in a study by CMA Sovereign Global, a research…