VOL. XLVI
No 43
27-October-2003
EGYPT
RATINGS
Capital Intelligence Lowers Foreign Currency Ratings of Egyptian Banks
Capital Intelligence announced on 15 October that it had lowered the long and short-term foreign currency ratings of the Egyptian banks rated at the sovereign ceiling following the recent downgrade in Egypts foreign currency ratings. The countrys previous investment grade ratings of BBB- long-term and A3 short-term were downgraded to BB+ and B respectively. Egypts lower ratings...
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