VOL. XLII
No 21
24-May-1999
EGYPT
Moodys Asserts Egypts Bond And Bank Deposit Ratings
Moodys Investors Service said in a statement on 13 May thatthe country ceilings of Ba1 for bonds and notes and Ba2 for bank depositsreflect Egypts improved credit fundamentals and a deepening process ofmarket-oriented structural reforms. The agency said prudent macroeconomicpolicies within the framework of a series of IMF-sponsored programs (whichbegan in 1991 and from which Egypt recently graduated) have...
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