VOL. XLV

No 4

28-January-2002

EGYPT

Moodys Changes Outlook For FourEgyptian Banks, Citing Weakening Economy

Ratingsagency Moodys Investors Service said on 17 January that it has changed theoutlook for the financial strength ratings of four Egyptian banks as a resultof the countrys weakening economy. The outlook for Commercial InternationalBank (Egypt), which is rated C-, is cut from positive to stable and theoutlooks for Egyptian American Bank, Misr International Bank, and National Bankof Egypt...