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...
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