Latest in Tag: ratings Highlight
Latest in Tag: ratings
Standard and Poor’s affirms Egypt’s B/B-rating, outlook remains stable
Egypt’s GDP growth forecast at 4% from 2017-2020
Egypt’s economic gains highly susceptible to risk events
Implementation of VAT as replacement for current sales tax is the cornerstone of revenue-side reforms in Egypt, says Mathias Angonin
Fitch affirms Egypt’s ‘B’ rating, Dimian responds that economy is ‘resilient’
Introduction of VAT has been delayed, according to agency
Mega projects are one avenue to boost growth in Egypt: Standard and Poor’s
Egyptian deficits still remain high when compared to other countries at similar rating levels
NBE, CIB remain key players in treasury bills and bonds markets
Bank Misr, Crédit Agricole, Banque Misr also among market leaders for treasury bills and bonds
Public finances remain weak, Sisi’s win does not alter ratings: Fitch
“A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes,” the credit agency says
Moody’s downgrades Turkey outlook to ‘negative’
Putting the country’s investment-grade rating at risk
Fitch rates Egypt outlook ‘stable’, but deems quick recovery ‘unlikely’
Total spending rose to 33.5% of GDP in FY 2013 (up from 30.3% of GDP in FY 2010), as wages and subsidies spending surged (75% of the total), an issue the report said would be difficult to tackle given its political sensitivity.
Fitch: Egypt’s ratings stabilised but rapid recovery unlikely
Egypt’s Long-term ratings of ‘B-’ are low and reflect substantial risks and challenges.
Moody’s maintains negative outlook for Egypt
Egypt’s Caa1 sovereign rating kept with negative outlook