No. 41



Fitch Downgrades Egypts Lakah Group As Company Struggles With Debt And Image

Against the background of concerns over the debt payment obligations of Egypts health and industrial conglomerate Lakah Group and rumors that its chairman had fled the country, Fitch IBCA on 28 September downgraded the groups senior unsecured debt rating to BB- from BB+ and placed it on rating watch negative. The rating watch negative will be resolved once the outcome of discussions...