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" credit rating"

131 results

Business - Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.

Business - Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.

Business - Economy
3/8/2024 2:16:58 PM
Credit-rating company Moody's Ratings (Moody's) has revised the outlook on Egypt to positive from negative amid game-changing economic measures, including the flotation of the Egyptian local currency and an increase in interest rates.

Business - Economy
1/22/2024 6:05:09 PM
Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt to $10 billion, according to a recent report by the agency.

Business - Economy
1/19/2024 4:32:33 PM
Egypt’s Ministry of Finance Mohamed Maait stressed that the latest decision of global rating agency Moody's that fixed the country’s sovereign’s credit rating at Caa1 and revised its future outlook to negative “did not take into account the government’s current efforts.”

Business - Economy
1/4/2024 2:25:20 PM
Egypt’s non-oil private sector showed slower expansion at the end of last year as demand weakened further amid currency depreciation and high inflation, according to data released by the American credit rating agency Standard and Poor's (S&P) on Thursday.

Business - Economy
12/5/2023 1:14:17 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October, the index's sixth rise in 2023, according to data released by the American credit rating agency S&P Global Ratings on Tuesday.

Business - Economy
11/23/2023 4:34:23 PM
Egypt’s Financial Regulation Authority (FRA) received three applications from local institutions in partnership with foreign entities seeking a licence to evaluate, classify, and arrange securities (credit rating), according to a statement on Wednesday.

Business - Economy
11/4/2023 4:24:45 PM
Minister of Finance Mohamed Maait said that Fitch's latest move lowering Egypt’s credit rating reflects the country’s struggle against extreme external pressures resulting from complex global challenges including geopolitical tensions, according to a statement on Saturday.

Business - Economy
10/26/2023 12:42:16 PM
S&P Global has revised down the long-term credit ratings for three Egyptian banks; including two major state-owned banks, to B- from B.

Business - Economy
10/21/2023 5:07:34 PM
S&P Global Ratings agency (previously Standard & Poor's) has downgraded Egypt's long-term sovereign credit rating in local and foreign currencies to B- from B, placing the outlook at stable, according to a report by the agency on Friday.

Business - Economy
10/11/2023 10:39:50 PM
Major credit rating agency Moody’s downgraded the ratings of five key Egyptian state-owned and private banks to CAA1 and B3.

Business - Economy
10/10/2023 3:20:23 PM
The recent decision by international credit rating agency Moody's to downgrade Egypt’s credit rating from B3 to Caa1 will inflate the cost of borrowing and place a heavier debt burden on the country, experts told Ahram Online.

Business - Economy
10/7/2023 7:48:41 PM
Egyptian Minister of Finance Mohamed Maait said Moody's latest decision to revise the future outlook for the country’s economy from negative to stable reflects the government's efforts to accelerate structural reforms that encourage investment and empower the private sector.

Business - Economy
10/4/2023 3:42:17 PM
International investors are hedging against a high risk of default on Egypt’s debt in the coming period, according to a research note released by international market data platform Refinitiv.

Business - Economy
10/3/2023 4:38:13 PM
Egypt's Purchasing Managers Index (PMI) for the non-oil sector declined in September to a four-month record low of 48.7 points, according to the data released by the American credit rating agency Standard and Poor's (S&P) on Tuesday.

Business - Economy
9/14/2023 10:57:55 PM
Moody's on Thursday downgraded China's property sector outlook to negative from stable, saying weaker growth was impacting homebuyers' spending.

Business - Economy
9/4/2023 3:17:46 PM
Capital Intelligence (CI) Ratings has lowered Egypt’s long-term foreign and local currency ratings to B from B+, revising the outlook to stable from negative, according to a statement.

Business - Economy
8/2/2023 4:33:49 PM
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.

Business - Economy
8/2/2023 10:46:12 AM
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.

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