VOL. XLIII

No. 29

17-July-2000

EGYPT

S&P Revises Egypts Credit Outlook To Negative From Stable

Standard & Poors (S&P) ratings agency on 3 July revised its credit outlook for Egypt to negative from stable. At the same time, it affirmed its BBB-/A-3 foreign currency issuer credit ratings, the A-/A-1 local currency issuer credit ratings, the A- local currency senior unsecured debt and the A-1 local currency short-term debt. The negative outlook signals S&Ps concern that the sluggish...