Latest in Tag: S&P Highlight
Latest in Tag: S&P
S&P maintains Egypt’s B credit rating with stable outlook
S&P credit rating of Egypt reflects global confidence in Egyptian economy’s stability, says Finance Minister
CBE, government policies shield Egypt from crises, preserve economic stability: Moeit
Minister of Finance stresses harmony of fiscal, monetary policy in managing liquidity, maintaining economic reform path in Egypt
S&P positive outlook for Egypt promises new foreign investments in 2020: Moeit
It also expected the debt-to-GDP ratio to decline to 80.5% in 2022, noting that low inflation and interest rates will enhance private investment and encourage consumption.
S&P 500, Nasdaq, Dow Jones rise to record highs on back of US-China trade deal
The new levels mark the best annual performance since 2013 and yet may put in a return not seen since 1997 depending on trading on the final two days of the year next week.
Saudi Arabia has seven of top 30 MEA banks with assets of $513bn: S&P Research
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
S&P maintains Egypt’s ‘B-B’ credit rating, stable outlook
Ratings remain constrained by wide fiscal deficits, high public debt, low income levels, gross external financing needs
S&P’s upgrade of credit rating confirms Egypt is on right path: El-Garhy
Minister of Finance Amr El-Garhy welcomed the Friday decision of Standard & Poor’s (S&P) to raise Egypt’s credit rating to B from B-, stressing that this step confirms that the state is on the right path and asserts confidence in the Egyptian economic reform programme. El-Garhy added that the decision will contribute to attracting more …
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 …
S&P raises Egypt’s outlook to positive from stable, affirms credit rating at ‘B’
Egypt’s general government fiscal deficit to decrease to 8.2% of GDP by FY 2020, S&P forecast
A survey of western opinion on Egypt’s plans for reform
Egypt’s current economic troubles and reform efforts have been the main topic of discussion in a slew of articles recently, many of which pin the blame on the country’s ruling regime, such as Bloomberg’s “Egypt’s Failing Economy is Sisi’s Fault”. The government, however, is not only battling against the challenges of the present, but also …
S&P downgrades UK credit rating
Ratings agency Standard & Poor’s has removed the UK’s coveted top credit rating status because of its vote to leave the European Union. S&P was the last of the big three credit assessment agencies to do so.
What do you know about EGX ESG/S&P index?
The index consists of 30 companies, selected from the 100 most active companies in EGX.
S&P cuts outlook on Turkey ratings citing erosion in governance
The credit ratings agency cut its outlook to negative on its unsolicited ‘BB+’ long-term foreign currency and ‘BBB’ long-term local currency ratings.
S&P raises Egypt sovereign credit rating to B- from CCC+
Reuters – Standard & Poor’s Ratings has raised its long and short-term foreign and local currency sovereign credit ratings on the Arab Republic of Egypt to ‘B-/B’ from ‘CCC+/C’. The upgrade reflects S&P’s view that the Egyptian authorities have secured sufficient foreign currency funding to manage Egypt’s short-term fiscal and external financing needs. “We expect support from bilateral …
Downgrade expected to negatively impact pharmaceutical industry: Experts
Adverse affects on banks following Egypt’s downgraded S&P rating extend to pharmaceuticals
Expert: Downgrade timing casts doubt over IMF negotiations
New credit rating one level above Cyprus and below Greece and Pakistan
Standard and Poor’s downgrades Egypt credit rating
Egypt’s long-term rating was lowered to ‘CCC+’ from ‘B-‘, while its short-term rating dropped to ‘C’ from ‘B’
Egypt’s credit rating on the slide
S&P cuts Egypt’s credit rating to B-; fourth downgrade in 14 consecutive months
Futures slip after strong gains, earns eyed
By Chuck Mikolajczak / Reuters NEW YORK: US stock index futures dipped on Wednesday after the S&P 500 tallied its biggest gain in a month and ahead of another round of corporate earnings. The benchmark S&P on Tuesday climbed 1.55 percent, its biggest percentage gain since March 13, after Coca-Cola Co led a round of …