Latest in Tag: Fitch Ratings Highlight
Latest in Tag: Fitch Ratings
Global GDP to contract 3.9% in 2020: Fitch Ratings
Job losses, pressures on small businesses to weigh heavily on post–crisis activity
Egypt rate cuts made possible by macro stabilisation: Fitch Ratings
Fitch expects CBE to cut rates another 200-300 bps this year, despite global rates rise
IMF deal eases Egypt’s market pressure along with other frontier markets: Fitch Ratings
IMF support has played an important role in reducing external liquidity risks, medium-term default risks in Egypt, and several frontier markets that entered into new programmes in 2016, according to a Fitch Ratings press release on Friday. However, the press release indicates that each country’s compliance with IMF conditions will decide the potential improvement in …
Does Egypt’s economic targets line up with its economic reality?
Minister of Finance Amr El-Garhy had said on Sunday that the ministry has set three goals for the country’s budget in the fiscal year (FY) 2017/2018. According to him, the ministry plans to focus on sustainable development, by raising the GDP by 5%, reducing unemployment to 11%, and cutting the national debt to 94% of …
Fitch Ratings upgrades DP World during ongoing expansion of operations
The credit rating agency affirmed DP World Sokhna’s credit rating and fiscal security as the multi-national commerce company plans massive expansion
IMF deal would be credit positive for Egypt: Fitch Ratings
Government is explaining the importance of the loan to parliament, not concerned about high US dollar exchange rate, says finance minister
Egypt’s GDP to grow by 3.6% in FY 2016/17: Fitch Ratings
The agency rating evaluates Egypt’s high fiscal deficit, low foreign reserve coverage, and recent volatile political history, with low external debt being levelled against gradual progress in implementing an economic and fiscal reform programme
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
Fitch Raises Egypt’s Credit Rating to ‘B’
At end of 2014, national debt stood at 90.5% of GDP, and is set to drop to 85.8% of GDP by the end of the FY 2015-2016
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
Fitch Ratings: Qatar aid to Egypt ‘a positive sign of things to come’
Qatar’s support is an opportunity to increase foreign reserves, says ratings agency