VOL. XLIV

No 35

27-August-2001

EGYPT

MoodysSuggests Negative Pressure On Egyptian Bank Ratings Increasing

Rating agency Moodys InvestorsService announced on 21 August that weakening earning power and eroding assetquality had put pressure on the ratings of Egyptian banks. In the agencys latestreport on Egyptian banks, Moodys Vice-President, Senior Credit Officer MardigHaladjian, explained that although the outlook for Egyptian bank ratings isstable, the economic slowdown is negatively impacting...