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...
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