{"id":574688,"date":"2020-09-17T04:13:25","date_gmt":"2020-09-17T04:13:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/"},"modified":"2020-09-17T04:13:25","modified_gmt":"2020-09-17T04:13:25","slug":"fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/","title":{"rendered":"Fitch affirms NBE credit rating at B+ with a stable outlook"},"content":{"rendered":"

Fitch Ratings has affirmed the long-term issuer default Rating for the National Bank of Egypt at 'B+' with a stable outlook, it said<\/a> on Wednesday. The ratings agency also removed it from its rating watch negative list, reflecting its view of diminishing near-term risks to its credit profile, especially its foreign currency funding and liquidity, from the economic fallout from the covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings has affirmed the long-term issuer default Rating for the National Bank of Egypt at 'B+' with a stable outlook, it said on Wednesday. The ratings agency also removed it from its rating watch negative list, reflecting its view of diminishing near-term risks to its credit profile, especially its foreign currency funding and liquidity, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,107,72,905,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574688","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-covid-19","tag-enterpriseam","tag-fitch-ratings","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"11a2f931-5dbc-409a-8bf9-12cac33c3323","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574662],"teaser":"","voice_url":""},"yoast_head":"\nFitch affirms NBE credit rating at B+ with a stable outlook - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch affirms NBE credit rating at B+ with a stable outlook\" \/>\n<meta property=\"og:description\" content=\"Fitch Ratings has affirmed the long-term issuer default Rating for the National Bank of Egypt at 'B+' with a stable outlook, it said on Wednesday. The ratings agency also removed it from its rating watch negative list, reflecting its view of diminishing near-term risks to its credit profile, especially its foreign currency funding and liquidity, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-17T04:13:25+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fitch affirms NBE credit rating at B+ with a stable outlook\",\"datePublished\":\"2020-09-17T04:13:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/\"},\"wordCount\":74,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"covid-19\",\"EnterpriseAM\",\"Fitch Ratings\",\"National Bank of Egypt\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/fitch-affirms-nbe-credit-rating-at-b-with-a-stable-outlook\/\",\"name\":\"Fitch affirms NBE credit rating at B+ with a stable outlook - 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The agency has also affirmed its rating for the National Bank of Egypt (NBE) at 'B+' with a stable outlook. \u201cThe ratings of\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586887,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/fitch-downgrades-credit-ratings-of-four-local-banks\/","url_meta":{"origin":574688,"position":1},"title":"Fitch downgrades credit ratings of four local banks","author":"enterpriseam admin","date":"18 May 2023","format":false,"excerpt":"The banks now have a rating of B, down from B+","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1032.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567734,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/banks-still-face-heightened-medium-term-threats-thanks-to-covid-fitch\/","url_meta":{"origin":574688,"position":2},"title":"Banks still face \u201cheightened\u201d medium-term threats thanks to covid \u2013Fitch","author":"enterpriseam admin","date":"6 December 2020","format":false,"excerpt":"Covid is the gift that keeps on giving for Egyptian banks, which will remain exposed to \u201cheightened\u201d medium-term threats, Fitch Ratings said in its latest report on state-owned Banque Misr\u2019s credit rating. The ratings agency still sees low near-term risks, especially as it relates to foreign currency funding and liquidity\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573294,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/fitch-affirms-egypts-long-term-fx-issuer-rating-at-b-outlook-stable\/","url_meta":{"origin":574688,"position":3},"title":"Fitch affirms Egypt\u2019s long-term FX issuer rating at B+; outlook stable","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"Fitch Ratings affirmed yesterday Egypt\u2019s long-term foreign-currency issuer default rating at \u2018B+\u2019 with a \u2018stable\u2019 outlook. The ratings agency said that Egypt\u2019s \u201crecent track record of fiscal and economic reforms, policy commitment to furthering the reform program and ready availability of fiscal and external financing in the face of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572471,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/25\/fitch-gives-apicorp-aa-rating-with-stable-outlook\/","url_meta":{"origin":574688,"position":4},"title":"Fitch gives Apicorp AA rating, with stable outlook","author":"enterpriseam admin","date":"25 June 2020","format":false,"excerpt":"Fitch Ratings has awarded multilateral development bank Arab Petroleum Investments Corporation (Apicorp) an \u2018AA\u2019 rating with a stable outlook. The assessment was reached by the lender\u2019s \u201cexcellent\u201d capitalization and low risk profile that has shown itself to be \u201cresilient to negative pressures from the covid-19 outbreak,\u201d the ratings agency said.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602757,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/fitch-raises-credit-rating-for-cib-nbc\/","url_meta":{"origin":574688,"position":5},"title":"Fitch raises credit rating for CIB, NBC","author":"enterpriseam admin","date":"4 April 2019","format":false,"excerpt":"Fitch Ratings has upgraded long-term issuer default ratings for CIB and the National Bank of Egypt to \u2018B+\u2019 from \u2018B\u2019 with a \u2018stable\u2019 outlook, the agency said in a press release. 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