Latest in Tag: rating Highlight
Latest in Tag: rating
Fitch affirms Saudi Arabia’s A rating, but revises outlook to negative
The downturn has been attributed to the novel coronavirus (COVID-19) pandemic and lower oil prices, despite the government’s strong commitment to fiscal consolidation.
Moody’s upgrades Egypt’s ratings to B2
Moody’s, credit rating agency, upgraded Egypt’s rating to B2 from B3 and changed the country’s outlook to stable from positive. Finance Minister Mohamed Moeit said that Moody’s decision to raise the credit rating of Egypt to B2 while maintaining a “stable outlook” is a new certificate from the world’s leading rating agency for the success of …
Fitch affirms Egypt’s positive outlook, B rating
Public finances remain Achilles heel of Egypt’s credit profile, yet Fitch estimates debt/GDP to drop to 88% in FY 2019
S&P raises Egypt’s soverign credit rating to ‘B’ from ‘B-”, lowers outlook to stable
S&P Global Ratings on Friday raised Egypt’s sovereign credit rating to B from B-, backed the improvements in business fundamentals, while the economic outlook was revised to stable from positive. According to the report published by S&P, the revised credit rating reflects the competitive exchange rate, increase in natural gas production, and the witnessed increase …
Egypt’s B3 rating maintained, outlook remains stable: Moody’s
Any increase in fuel or food prices would reverse the subsidy reforms
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
Moody’s stable outlook for banks followed positive performance: Banking expert
Ratings agency Moody’s upgrades banking sector outlook from negative to stable
Egypt’s dollar bonds attract more than 290 investors from foreign markets: Dimian
Distribution of 45% of bonds in USA, 35% in UK, 11% in Europe, 7% in Middle East and 2% to the rest of the world
Moody’s upgrades CR assessments for 5 Egyptian banks
On 15 May, Standard and Poor’s revised its outlook on Egypt, raising it from stable to positive
Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist
Agency raised Egypt’s economic outlook from stable to positive, affirming long- and short-term foreign and local currency sovereign credit ratings at ‘B-/B’
Egypt’s outlook upgraded to stable: Moody’s
Government bond rating confirmed at Caa1, however
Egypt in the eyes of international rating agencies
Fitch In January, Fitch Rating Agency restored Egypt’s outlook to stable for the first time since it was downgraded to negative nearly three years ago. This reflects an improvement in an economy hammered by years of violence and political instability that had a massive toll on foreign reserves and many industries. The ratings firm, however, …
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
Banking outlook remains negative, unchanged since 2011: Moody’s
Government continues to rely on local banks to fill funding gap in the absence of foreign investment, the international rating agency says
Egypt: Too big to bail!
An interesting assumption is continuously being adopted by many of Egypt’s intelligentsia as well as political analysts: “Egypt is too big to fail!” Several people have weaved their own theories touting Egypt’s strategic position and weight in the region which will make it unwise for the “powers that be” to allow it to descend into …
Downgrade expected to negatively impact pharmaceutical industry: Experts
Adverse affects on banks following Egypt’s downgraded S&P rating extend to pharmaceuticals
Egypt placed 107 in global competitiveness rating
The World Economic Forum (WEF) issued its annual global competitive report, showing that Egypt’s competitive rating slipping 13 places to 107th place. The Egyptian market, in the view of many economic experts, lacks discipline and transparency. The price of goods and services’ do not represent actual patterns of supply and demand, in addition to other …