VOL. XL
No. 35
1-September-1997
EGYPT
IBCA Assigns Egypt Investment Grade Rating
On 19 August IBCA, the European credit rating agency, assigned Egypt an investmentgrade sovereign rating of BBB-. IBCA also assigned Egypt a short-term (up to one year)foreign currency rating of A3 and a long-term local currency rating of A-.
Long-term | Short-term | Local Currency | |
Forex Rating | Forex Rating | Rating | |
Egypt | BBB- | A3 | A- |
IBCA said that "Egypt was now a net external creditor(with) five...
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