VOL. XLIV
No 46
12-November-2001
EGYPT
Moodys Lowers Egypts DomesticCurrency Rating Outlook To Negative
US ratings agency MoodysInvestors Service announced on 7 November that it had lowered its outlook onthe Baa1 rating of local currency bonds of Egypt to negative from stable but ismaintaining the stable outlook on Egypts Ba1 foreign currency country ceiling.According to a statement from the agency, the move was prompted by a deteriorationin the government budgetary position in recent years,...
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