{"id":595516,"date":"2019-09-29T04:18:05","date_gmt":"2019-09-29T04:18:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/"},"modified":"2019-09-29T04:18:05","modified_gmt":"2019-09-29T04:18:05","slug":"fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/","title":{"rendered":"Fitch affirms credit ratings of Credit Agricole, National Bank of Egypt"},"content":{"rendered":"

Fitch Ratings has affirmed the long-term issuer default rating for Credit Agricole Egypt (CAE) at 'AA+\u2019 with a \u2018stable outlook,\u2019 the agency said in a press release<\/a>. The agency has also affirmed<\/a> its rating for the National Bank of Egypt (NBE) at 'B+' with a stable outlook. \u201cThe ratings of CAE, [the latter], reflect potential support from its ultimate shareholder, France's Credit Agricole.\u201d The ratings of NBE, meanwhile, are \u201cunderpinned by potential support from the Egyptian authorities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings has affirmed the long-term issuer default rating for Credit Agricole Egypt (CAE) at 'AA+\u2019 with a \u2018stable outlook,\u2019 the agency said in a press release. The agency has also affirmed its rating for the National Bank of Egypt (NBE) at 'B+' with a stable outlook. \u201cThe ratings of CAE, [the latter], reflect potential […]<\/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":[204,2372,205,72,905,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595516","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-credit-agricole","tag-enterpriseam","tag-fitch-ratings","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"901b6f37-f199-4333-be77-f8f06898cc95","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595485],"teaser":"","voice_url":""},"yoast_head":"\nFitch affirms credit ratings of Credit Agricole, National Bank of Egypt - 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\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch affirms credit ratings of Credit Agricole, National Bank of Egypt\" \/>\n<meta property=\"og:description\" content=\"Fitch Ratings has affirmed the long-term issuer default rating for Credit Agricole Egypt (CAE) at 'AA+\u2019 with a \u2018stable outlook,\u2019 the agency said in a press release. The agency has also affirmed its rating for the National Bank of Egypt (NBE) at 'B+' with a stable outlook. \u201cThe ratings of CAE, [the latter], reflect potential […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-29T04:18:05+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\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fitch affirms credit ratings of Credit Agricole, National Bank of Egypt\",\"datePublished\":\"2019-09-29T04:18:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"Credit Agricole\",\"EnterpriseAM\",\"Fitch Ratings\",\"National Bank of Egypt\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/\",\"name\":\"Fitch affirms credit ratings of Credit Agricole, National Bank of Egypt - 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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\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":595516,"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":602757,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/fitch-raises-credit-rating-for-cib-nbc\/","url_meta":{"origin":595516,"position":2},"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. The agency has also upgraded its rating for NBE\u2019s UK branch. This came in response to Egypt\u2019s recent long-term\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":573294,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/fitch-affirms-egypts-long-term-fx-issuer-rating-at-b-outlook-stable\/","url_meta":{"origin":595516,"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":567734,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/banks-still-face-heightened-medium-term-threats-thanks-to-covid-fitch\/","url_meta":{"origin":595516,"position":4},"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":564979,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/10\/fitch-gives-long-term-fx-debt-outlook-a-%f0%9f%91%8d\/","url_meta":{"origin":595516,"position":5},"title":"Fitch gives long-term FX debt outlook a ?","author":"enterpriseam admin","date":"10 March 2021","format":false,"excerpt":"Fitch Ratings affirmed Egypt\u2019s long-term FX issuer default rating at \u2018B+\u2019 with a \u2018stable\u2019 outlook. The outlook is supported by the country\u2019s track record of fiscal and economic reforms, which authorities continued to enact, and a large economy, \u201cwhich has demonstrated stability and resilience through the global health crisis,\u201d the\u2026","rel":"","context":"In "SPEED ROUND: MACRO"","block_context":{"text":"SPEED ROUND: MACRO","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-macro\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/440.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=595516"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595516\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595485"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595516"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595516"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}