IHS cuts Egypt’s banking sector rating to “significant risk”
IHS expects the country’s economic growth to remain low over the next 12 months.
Latest in Tag: sovereign debt Highlight
Latest in Tag: sovereign debt
Banks: We are most affected by downgrades
MERIS downgrades long- and short-term credit ratings of NBE, Banque Misr, and CIB
Returns on Government Dollar-denominated bonds set to reach $1bn by 2022
Bloomberg: Returns on Egypt government bonds continued to rise, despite the Moody’s downgrade
Gold reaches highest price for three weeks
Prices rise as Cyprus refuses to accept EU rescue plan conditions, once again fears for stability of the eurozone
Foreign guarantors help plug emerging funding gap
By Carolyn Cohn / Reuters LONDON: With refinancing becoming a giant headache for sovereign debtors across the globe, some struggling emerging economies are securing guarantees from richer nations or multilateral development banks to bolster their chances of selling bonds to wary investors. The guarantee provides the emerging country borrower with access to otherwise-closed international capital markets, …