No. 23



Moodys Adjusts Some Egyptian And Lebanese Bank Ratings

US ratings agency Moodys Investors Service announced on 10 May that it had adjusted its financial strength ratings (FSRs) for some Egyptian banks to reflect the expanded FSR scale (from 9 to 13 levels) created by the introduction of minus-sign modifiers and revised definitions. The FSRs affected by the move are as follows:

Bank of Alexandria: Adjusted to E+ with stable outlook from E with a stable outlook.