VOL. XLII

No. 25

21-June-1999

EGYPT

S&P Affirms Ratings On Egypt; Outlook Stable

Standard & Poor痴 (S&P) affirmed its A- local currencylong-term issuer credit and senior unsecured debt ratings, and its BBB- foreigncurrency long-term issuer credit ratings for Egypt on 10 June. S&P alsoaffirmed its A1 local currency short-term issuer credit and short-term debtratings, and its A3 foreign currency short-term issuer credit ratings. Theratings agency said the outlook remains stable.

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