Latest in Tag: Standard & Poor’s Highlight
Latest in Tag: Standard & Poor’s
Standard & Poor’s maintains Egypt’s credit rating at ‘B’ with stable outlook
Decision reflects continued confidence of international institutions in stability, solidity of Egyptian economy: Finance Minister
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
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.
Possible to raise Egypt credit rating in 2018: S&P
We expect 4.3% growth in current FY. Infrastructure spending will boost growth of construction sector, says Gupta
El-Garhy to consult with Standard & Poor’s, Moody’s in Washington next week
Minister participates in IMF and World Bank meetings, meets major investment banks to review Egypt’s economic reforms
Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s
The Central Bank of Egypt (CBE) devaluated the pound by 13% in March 2016, which hints at further devaluations, according to Standard & Poor’s.
GCC fiscal pressures could affect supporting Egypt: Standard & Poor’s
High domestic debt, wide fiscal deficits, low income levels, and institutional fragility are constraining S&P’s ratings on Egypt.
International ratings agencies elevate Egypt’s rating in 1 year
Fitch raises Egypt’s rating to B, S&P’s upgrades outlook to positive, Moody’s promotes rating to B3
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’
UAE lender NBF may tap capital markets: CEO
Reuters – National Bank of Fujairah, which has secured credit ratings from two international agencies, may tap the capital markets in the medium term to diversify its funding sources, its chief executive said on Tuesday. The Abu Dhabi-listed bank said in a bourse filing that it had received a Baa1/Prime-2 deposit rating from Moody’s Investors …
Mubadala assessing options for $1.25bn bond maturity
The maturity is part of a $1.75bn, two-tranche bond which the fund sold in 2009, with the remaining $500m set to mature in 2019.
Budget deficit ratio stabilises at 2.9% of GDP, domestic debt surges to 73.5% of GDP: MOF
Ministry of Finance says GDP grew by 2.1% to EGP 1608.6bn during the past fiscal year
Egypt: Banks attracting Gulf investors
By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …
Cost of shipping and insuring imports to rise
Recent downgrade in Egypt’s credit rating to have a huge negative effect on the country’s import levels