S&P upgrades Egypt's outlook to positive amidst record investments, economic reforms

Mon, 18 Mar 2024 - 11:19 GMT

These changes in the global agency's view of the Egyptian economy come after Cairo secured a $35 billion investment from the United Arab Emirates (UAE), adding to a string of international commitments and financing exceeding $50 billion.

Moody’s improves 5 banks’ outlooks to positive amid latest reforms and deals

Wed, 13 Mar 2024 - 11:41 GMT

State-owned banks National Bank of Egypt, Banque Misr, and Banque du Caire, as well as Commercial International Bank (CIB) had their Caa1 long-term deposit ratings affirmed, with the Bank of Alexandria maintaining its B3 long-term deposit rating

Moody’s affirms 5 Egyptian banks’ ratings, downgrades outlooks to negative

Wed, 24 Jan 2024 - 11:27 GMT

The decision comes one week after the investor service’s downgrade of Egypt’s sovereign outlook to negative, citing increased risks caused by challenging macroeconomic and exchange rate rebalancing

Fitch affirms Egypt's rating at 'B+' with stable outlook

Wed, 20 Oct 2021 - 02:14 GMT

Egypt's ratings are supported by its recent record of fiscal and economic reforms, which the authorities are continuing, as well as its large economy, which has demonstrated stability and resilience through the global health crisis, the rating agency clarified.

Suez Canal blockage does not affect Egypt's B2 stable ratings: Moody's

Sun, 28 Mar 2021 - 03:32 GMT

The Agency noted in a report that the Suez Canal represented almost 2 percent of Egypt’s GDP on average pre-pandemic, providing a significant contribution to total current account receipts.

Capital Intelligence affirms NBE rating, with "stable" outlook

Wed, 03 Mar 2021 - 03:38 GMT

CI Ratings also affirmed in a report the Short-Term Foreign Currency Rating (ST FCR) of of NBE at 'B'.

S&P affirms Saudi Arabia credit ratings

Mon, 20 Nov 2017 - 11:55 GMT

S&P Global Ratings on Monday affirmed Saudi Arabia's credit ratings.

Media regulator considers setting up company for TV-ratings

Sat, 01 Jul 2017 - 02:14 GMT

Egypt’s Supreme Media Regulatory Council announced Friday that it will form an experts committee to set the main standards for the Television viewership measurement

New ratings set for Ramadan series

Thu, 25 May 2017 - 10:37 GMT

Four ratings have been set for Ramadan series.