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"Fitch Ratings"

41 results

Business - Economy
5/8/2022 8:47:32 PM
Egypt’s net international reserves (NIRs) rose slightly in April to $37.1 billion, up from $37 billion posted in March, the Central Bank of Egypt (CBE) announced on Sunday.

Business - Economy
4/21/2022 6:26:57 PM
Fitch Ratings has affirmed Egypt's long-term foreign-currency issuer default rating (IDR) at B+ with a stable outlook, the credit rating agency announced on Thursday.

Business - Economy
4/12/2022 3:36:45 PM
Sukuk issuance globally grew by 11.6 percent in value in the first quarter (1Q) of 2022 to post $64.5 billion, driven by sovereigns and multilateral institutions despite the ongoing challenges, Fitch Ratings said in a report on Tuesday.

Business - Economy
2/16/2022 2:53:59 PM
The global sovereign debt is expected to maintain its increase through the end of 2022 to reach $88 trillion, Fitch Ratings stated in a report released on Wednesday.

Business - Economy
1/13/2022 9:00:23 PM
Egyptian banks’ Viability Ratings (VRs) could come under pressure if the banks’ foreign assets continue to drop, Fitch Ratings said in its insights published on Thursday.

Business - Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.

Business - Economy
12/15/2021 1:15:47 PM
Foreign investments in Egypt’s local-currency debt instruments market have rebounded after experiencing a drop amid the pandemic, helping the country to finance its larger current account deficit resulting from continued strong domestic demand and a decline in tourism revenue, which has also begun to recover, Fitch Ratings said in a new report.

Business - Economy
12/8/2021 4:31:05 PM
Fitch Ratings has lowered its global GDP growth projections for 2022 by 0.3 percent since its September global economic outlook to 5.7 percent.

Business - Economy
10/14/2021 2:00:00 PM
Fitch Ratings expects sukuk momentum to go on over the medium term fuelled by investor appetite, funding diversification and refinancing needs.

Al-Ahram Weekly - Economy
8/10/2021 8:59:47 PM
Director of financial institutions at Fitch Ratings Zeinab Abdallah outlined the findings of its recent report on Egypt’s banks

Business - Economy
8/4/2021 2:09:48 PM
Pressures on the Egyptian banks’ credit profiles and viability ratings have eased after improvements to the operating environment were made by the end of the third quarter of 2020

Business -
7/15/2021 1:02:06 PM
Fitch said that seasonal patterns will affect quarterly sukuk issuance which, following the summer break, is expected to inch up in the remainder of 2021 and beyond

Business - Economy
6/13/2021 1:33:39 PM
Egyptian banks have higher profitability ratios than other peers in region, which gives them a room to keep adequate profitability margins and internal capital generation if interest rates are cut, according to Fitch

Al-Ahram Weekly - Economy
6/10/2021 12:28:00 PM
Egypt will soon be debuting its first sovereign sukuk bonds

Business - Economy
4/7/2021 8:32:40 PM
On the banking system, Egyptian banks face asset-quality deterioration and continued pressure on profitability through 2021 driven by the economic fallout from the pandemic, according to the report

Business - Economy
3/29/2021 2:15:28 PM
Fitch estimates losses may easily run into hundreds of millions of euros

Business - Economy
3/10/2021 1:48:39 PM
Egypt’s economy has shown stability and resilience through the global COVID-19 pandemic, said Fitch Ratings

Business - Economy
1/12/2021 4:17:02 PM
The reconciliation deal signed between GCC countries, Egypt and Qatar is also expected to contribute to higher volumes of investments

Business - Economy
12/16/2020 1:14:54 PM
Fitch Ratings said that country’s FC liquidity was boosted in Q3 2020 driven by the raising of a $2 bln one-year loan from regional and international banks and the issuing of $750 million green bonds in September

Business - Economy
12/3/2020 7:16:00 PM
Measures taken by the Central Bank of Egypt to restructure credit facilities to the distressed tourism sector are likely to provide some relief, Fitch Ratings said

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