VOL. XXXIX
No. 55
14-October-1996
Capital Markets
Moody's Rates Egypt At Non-Investment Grade
Moody's Investor Services announced on 9 October that it had awarded Egypt a sovereign rating of Ba2 on its long-term foreign currency bonds, a Ba3 sovereign ceiling for foreign currency denominated bank deposits and Not Prime ceilings for short-term obligations. The rating - which is believed to have been unsolicited but which will act as a ceiling for the institutions domiciled in Egypt - is...
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