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FRA loosens license requirements for credit rating agencies
The Financial Regulatory Authority (FRA) has just made it easier for credit rating companies to get operating licenses in Egypt.…
Credit risk is falling in the banking sector
An improving operating environment since 3Q2020 has eased pressure on Egyptian banks’ credit profiles and ratings, according to a Fitch…
So long, farewell
At least 113 container ships are traveling in both directions after the Suez Canal reopened to marine traffic yesterday evening,…
Fitch gives long-term FX debt outlook a ?
Fitch Ratings affirmed Egypt’s long-term FX issuer default rating at ‘B+’ with a ‘stable’ outlook. The outlook is supported by…
What we’re tracking on 24 November 2020
Good morning, wonderful people — and happy midweek. We have a pleasantly busy issue this morning, including two international stories…
S&P affirms Egypt’s B credit rating, outlook at stable
S&P Global Ratings has affirmed Egypt’s B sovereign credit rating with a stable outlook, despite elevated external risks from covid-19,…
Moody’s affirms Egypt’s credit rating at B2, outlook stable
Moody’s affirms Egypt’s credit rating at B2 with a stable outlook, citing effective policy and capacity to manage shocks: Moody’s…
Egypt’s reforms could shield the economy from covid-19 shocks -Moody’s
Egypt’s reforms could shield the economy from covid-19 shocks -Moody’s: Egypt’s track record of economic reform commitment and strong FX…
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