Latest in Tag: credit rating Highlight
Latest in Tag: credit rating
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
Egypt’s credit rating risks further devaluation
By Nasser Youssef Countries such as Egypt, who currently have a B rating need three years before their credit rating can improve Egypt’s credit rating could be downgraded once again if the country’s political situation does not improve, warned Nicholas Hardy, a representative from the Standard and Poor’s Credit Rating (S&P). He added that many …
Government to settle $318m worth of external debt
The Ministry of Finance in co-operation with the Central Bank have managed to allocate $318 million, which represents the value of public debt instalments owed by the government for bonds issued abroad in Egyptian pound  in 2007. A high-ranking source in the Ministry of Finance has affirmed the government’s commitment to the settlement of all instalments owed at …
