Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Egypt

S&P Assigns Preliminary Ratings On Egyptian General Petroleum Export Notes

Standard & Poor's (S&P) on 4 July assigned its preliminary credit ratings to the class A-1, A-2, and A-3 notes to be issued by Petroleum Export Ltd (Egyptian General Petroleum Corporation EGPC). The transaction will be the first Egyptian export future flow one to be issued in the market and was originated by EGPC, said S&P. The preliminary AAA...