Middle East Economic Survey
VOL. LIV
No 45
7-Nov-2011
EGYPT
Moodys Downgrades Five Egyptian Banks
Moodys Investors Service on 1 November downgraded the local currency deposit ratings of five Egyptian banks: National Bank of Egypt to B1 from Ba3; Banque Misr to B1 from Ba3; Banque du Caire to B1 from Ba3; Commercial International Bank (Egypt) to Ba3 from Ba2; and Bank of Alexandria to Ba2 from Ba1. The foreign currency deposit ratings for these banks were also downgraded to B2 from B1. The...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!