VOL. XLVI
No 35
01-September-2003
EGYPT
RATINGS
...Puts NBE And CIB On Negative Outlook
Following its downgrade of Egypts long-term local currency credit rating, S&P said it had revised its outlook on both National Bank of Egypt (NBE) and Commercial International Bank (CIB) to negative from stable. At the same time, the BB+ long-term and B short-term counterparty credit ratings on both banks were affirmed. The ratings on NBE and CIB will continue to depend directly on the ratings on Egypt, and...
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