VOL.XXXIXNo.65/66

23/30-December-1996EGYPT

WhilstThomson BankWatch Issues Sovereign Rating For EgyptUS ratings agency Thomson Bankwatch has assigneda BB Sovereign Risk rating to Egypt. The Director of SovereignRisk at Thomson BankWatch, Ms. Betty J. Starkey, said in an officialstatement that Egypt "has made significant progressin the transformation from a centrally planned, inward-lookingeconomy to one that is more market-based, private-sector-ledand outward-oriented." However, Ms. Starkey...