VOL. XLVI

No 43

27-October-2003

RATINGS

Moodys Improves Outlook For Egyptian American Bank

Moodys Investors Service announced on 14 October that it had changed the outlook for Egyptian American Banks (EAB) D+ financial strength rating to stable from negative. The outlook for EABs Ba2/non-prime foreign currency deposit ratings remains unchanged at stable. Moodys said that negative rating pressures had subsided as EAB had strengthened its loan-loss provision reserves and refocused on its strategic...