VOL. XLIII
No. 29
17-July-2000
EGYPT
And Revises Outlook On NBE And CIB From Stable To Negative
S&P revised to negative from stable its outlook on the National Bank of Egypt (NBE) and the Commercial International Bank (CIB), while it affirmed its triple B-minus long-term and A-3 short-term counter party credit ratings on the two banks. The ratings on NBE were based on the banks 100% government ownership, strong commercial position and adequate liquidity. But the bank remains burdened by a...
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