VOL. XLII

No. 19

10-May-1999

EGYPT

Fitch IBCA Assigns BBB- Long Term Rating To NBEI

Fitch IBCA announced on 30 April that it had assigned along-term rating of BBB- to UK-based National Bank of Egypt International(NBEI) and kept the short-term rating of F3 unchanged. NBEI is a wholly-ownedsubsidiary of National Bank of Egypt (NBE), which is also rated BBB-/F3 byFitch IBCA. "NBEI痴 ratings reflect the strength of support from itsparent, its strong capital and conservative risk profile, modest...