VOL. XLI
No. 02
12-January-1998
EGYPT
Nile Ratings Agency Licensed In Egypt
The IBCA-IFC-AMF joint venture Nile Ratings, has finally beengiven an operating license to establish itself in Egypt, the Capital Markets Authoritysaid on 24 December. The ratings agency will not issue sovereign ratings but will analyzelocal corporates against a country ceiling of AAA. The joint venture Inter Arab RatingsCompany (IARC) had been trying for some time to get its venture in Egypt off the groundbut had met...
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