VOL. XL
No. 40
6-October-1997
EGYPT
Moody's Put Egypt On Review For Possible Upgrade
Citing the government's "deepening policy commitment to structuralreformexemplified particularly by the privatization program," Moody's InvestorsService announced on 1 October that it had put Egypt's long-term Ba2 (BB) sovereignceiling and Ba3 (BB-) cap on long-term foreign currency bank deposits on review forpossible upgrade. The US-based agency had said in August that the outlook for Egypt wasimproving (MEES,...
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