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Minister of Finance Amr El-Garhy welcomed the Friday decision of Standard & Poor’s (S&P) to raise Egypt’s credit rating to B from B-, stressing that this step confirms that the state is on the right path and asserts confidence in the Egyptian economic reform programme. El-Garhy added that the decision will contribute to attracting more …
We expect 4.3% growth in current FY. Infrastructure spending will boost growth of construction sector, says Gupta
Egypt’s general government fiscal deficit to decrease to 8.2% of GDP by FY 2020, S&P forecast
Acts of terrorism rouse foreign concerns about coming to Egypt; therefore, the dollar flow decreases, says Mashhour
S&P projects Egypt’s GDP growth may exceed 4% by 2019
Ratings agency Standard & Poor’s has removed the UK’s coveted top credit rating status because of its vote to leave the European Union. S&P was the last of the big three credit assessment agencies to do so.
President Jacob Zuma has welcomed the decision by Standard and Poor’s (S&P) to maintain South Africa’s investment rating at BBB-. However, the agency report also included a gloomy outlook.
Flexible exchange rate can offset some major challenges, Moody’s says
Fitch raises Egypt’s rating to B, S&P’s upgrades outlook to positive, Moody’s promotes rating to B3
Egypt’s decision-making technique needs to change, says Hassanein
Canal expansion is part of wider project to turn surrounding area into special economic zone
Lowering dues of foreign oil companies, amending investment laws and resolving conflicts boost business sector’s trust
S&P notes that violence may escalate if “social elements” are radicalised, which will result in the continuous weakening fiscal and external accounts
The diplomatic push comes amid alarm over Russia’s military buildup on Ukraine’s borders, fanning fears it plans to seize more territory following its lightning annexation of Crimea.
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
Reuters – Standard & Poor’s Ratings has raised its long and short-term foreign and local currency sovereign credit ratings on the Arab Republic of Egypt to ‘B-/B’ from ‘CCC+/C’. The upgrade reflects S&P’s view that the Egyptian authorities have secured sufficient foreign currency funding to manage Egypt’s short-term fiscal and external financing needs. “We expect support from bilateral …
The global rating firm could further downgrade Egypt’s credit rating, as outlook is already negative
MERIS downgrades long- and short-term credit ratings of NBE, Banque Misr, and CIB
New credit rating one level above Cyprus and below Greece and Pakistan
Egypt’s long-term rating was lowered to ‘CCC+’ from ‘B-‘, while its short-term rating dropped to ‘C’ from ‘B’
Qatar promises to buy $3bn in bonds from Egypt
Rating agency drops Egyptian government bond to Caa1 from B3
Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy
Recent downgrade in Egypt’s credit rating to have a huge negative effect on the country’s import levels
By Nasser Youssef Countries such as Egypt, who currently have a B rating need three years before their credit rating can improve Egypt’s credit rating could be downgraded once again if the country’s political situation does not improve, warned Nicholas Hardy, a representative from the Standard and Poor’s Credit Rating (S&P). He added that many …
The Ministry of Finance in co-operation with the Central Bank have managed to allocate $318 million, which represents the value of public debt instalments owed by the government for bonds issued abroad in Egyptian pound in 2007. A high-ranking source in the Ministry of Finance has affirmed the government’s commitment to the settlement of all instalments owed at …