No. 10



Fitch IBCA Assigns BBB- Rating To National Bank Of Egypt

Ratings agency Fitch IBCA assigned a long-term rating ofBBB- on 4 March to the National Bank of Egypt (NBE). It also assigned threeother ratings as follows:

Short-term F3

Individual C/D

Support 2

Through Nile Rating, a locally incorporated member of theFitch IBCA group, NBE was assigned a national rating of AA+. NBE, which isEgypts oldest and largest bank, is wholly-owned by the government and offersretail,...