Moody’s
Egypt’s Minister of Finance Mohamed Maait said Egypt has been the only country in the Middle East and Africa to retain the confidence of the three international assessment institutions of Fitch Ratings, S&P Global Ratings, and Moody’s.
Egypt Today reviews the expectations of the rating agency.
Moody’s expected Egypt to achieve a growth rate of 5.8 percent in 2019/2020.
On Sunday March 11, Egypt’s Financial Regulatory Authority announced the launch of the country’s first movable collateral registry.
Moody’s attributed in a report its expectations to the rise of the demand for Shari'ah-compliant financial instruments.
Moody’s Investors Service upgraded the insurance financial strength rating (IFSR) of Arab Misr Insurance Group (GIG) to Ba3 from B1.
Moody’s Investors research revealed that Egypt’s first-ever bankruptcy law will encourage local and foreign investment in the country
Moreover, fiscal consolidation will be more challenging for Tunisia, Egypt and Lebanon, the report added.
Moody’s pointed out that these profits came despite the government’s measures to cut spending.
The bank’s profit dropped by 47.3 percent in the first nine months of 2017.
A wrap-up for the most prominent business news of the day.
Moody’s predicts growth to pick up to 4.5 percent in fiscal year (FY) 2017/2018, from 4.0 percent in FY 2016/2017.
South Africa’s mining industry is in “crisis” and its companies have lost confidence in the mining minister.
Moody’s Investors Service said on Tuesday it would strip the United States of its top-notch rating if a default such as a missed debt payment were to happen.
Egypt’s credit rating outlook maintained stable by global credit rating agency Moody's Investors Service late Friday.
A wrap-up for the most prominent news circulated during the day.
A wrap-up for the most prominent news circulated during the day.
Pharos believe that a credit rating upgrade will support further foreign inflows into the equity and the fixed income market
Being heavily dependent on foreign funds, the Qatari banking system was the first sector to be negatively influenced with some Gulf firms and individuals.
A wrap-up for the most prominent news circulated during the day.
