VOL. XLII

No 41

11-October-1999

EGYPT

S&P Assigns BB Rating To Al-Ahram Beverages Co.

Standard and Poor痴 (S&P) ratings agency announced on 28September that it had assigned a BB long-term corporate credit rating toEgypt痴 Al-Ahram Beverages Co. and an outlook of "stable." The agencyattributed the ratings to the company痴 position as the most dominant brewer inEgypt, "its unleveraged financial profile" and its growing cash flow.

The agency points to the fact that since being privatizedthe...