VOL. XLIII

No. 51

18-December-2000

EGYPT

Moodys Says Egyptian Banks Face Downward Pressure On Ratings Due To Liquidity Problems

Egyptian banks face downward pressure on their credit ratings due to the countrys unresolved liquidity problems, and solvency risk for some banks has increased as a result of a system-wide deterioration in credit quality, Moodys announced on 11 December. Quoting its annual report on the sector, the agency said that risks were especially high as banks went into the...