VOL. XLV

No 4

28-January-2002

EGYPT

FitchPuts Egypt, Three Egyptian Banks On Negative Outlook

Internationalratings agency Fitch said 22 January that it has placed the ratings of Egypt,and those of some of the countrys banks on negative outlook, citing concernsthat efforts to manage the exchange and interest rates at the same time aspreserving reserves are to an extent in conflict and risk delaying theeconomy's adjustment to external shocks and its eventual recovery. Thecountrys ratings are BBB-...