VOL. XLV
No 26
1-July-2002
EGYPT
Capital Intelligence PutsEgypt Sovereign, Bank Ratings On Negative Outlook
International ratings agency Capital Intelligence (CI)announced on 25 June that it had assigned a negative outlook to Egypts sovereign rating, reflectingdeteriorating economic fundamentals and the sluggish pace of reform. The currentlong-term rating is BBB- and the short-term is A3. A yawning trade gap, weakforeign investment inflows and increasing deposit dollarization driven partly by...
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