{"id":620265,"date":"2024-05-19T00:00:00","date_gmt":"2024-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/"},"modified":"2024-05-19T00:00:00","modified_gmt":"2024-05-19T00:00:00","slug":"fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/","title":{"rendered":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive"},"content":{"rendered":"

Fitch Ratings has upgraded its outlook on four local banks<\/strong> \u2014 the National Bank of Egypt, Banque Misr, Banque du Caire, and CIB \u2014 taking their long-term debt outlook to positive from stable, while affirming their ratings at B-, according to a statement<\/a>. <\/p>\n

The why: <\/strong>Fitch pointed to greater FX liquidity from the Ras El Hekma agreement and IMF package. \u201cBanks' performance will remain strong in the medium term supported by high interest rates, stronger business growth and greater macroeconomic stability,\u201d the statement said. <\/p>\n

This mirrors Fitch\u2019s decision <\/strong>earlier this month<\/a><\/strong> to upgrade Egypt\u2019s sovereign outlook to <\/strong>positive from stable.<\/strong> The credit rating agency cited a reduction in near-term external financing risks on the back of an influx of foreign capital from the Ras El Hekma agreement, fresh funds from international financial institutions, non-resident holdings of domestic debt doubling since January to USD 35.3 bn in March, the float of the EGP, and interest rate hikes.<\/p>\n

The four banks are exposed to Egypt's sovereign debt<\/strong> through their holdings of government debt and their lending activities to public sector firms, which explains the correlation between the sovereign credit rating and that of the banks, the statement writes.<\/p>\n

Remember: <\/strong>Fitch lowered the bank\u2019s credit ratings to B- from B<\/a> in November after downgrading the country\u2019s credit rating. <\/p>\n

Moody\u2019s did it first: <\/strong>Moody\u2019s in March upgraded five Egyptian banks\u2019<\/a> credit rating outlook to positive from negative shortly after upgrading Egypt\u2019s outlook to positive.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch affirmed its B- rating for the four banks<\/p>\n","protected":false},"author":1,"featured_media":620266,"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":[7350],"tags":[204,726,576,240,72,8565,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banking","tag-banque-du-caire","tag-banque-misr","tag-cib","tag-enterpriseam","tag-fitch","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"afb4222c-4a51-447d-9204-ec2b97689d4a","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1376.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive","related_issue":[620253],"teaser":"Fitch affirmed its B- rating for the four banks","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.dea29192-e51d-4551-95b1-fda52603219a.mp3"},"yoast_head":"\nFitch upgrades four Egyptian banks\u2019 credit rating outlook to positive - 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\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive\" \/>\n<meta property=\"og:description\" content=\"Fitch affirmed its B- rating for the four banks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive\",\"datePublished\":\"2024-05-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\"},\"wordCount\":255,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"Banque du Caire\",\"Banque Misr\",\"CIB\",\"EnterpriseAM\",\"Fitch\",\"National Bank of Egypt\"],\"articleSection\":[\"Banking\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\",\"name\":\"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/","og_locale":"en_US","og_type":"article","og_title":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive","og_description":"Fitch affirmed its B- rating for the four banks","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-05-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive","datePublished":"2024-05-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/"},"wordCount":255,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1","keywords":["banking","Banque du Caire","Banque Misr","CIB","EnterpriseAM","Fitch","National Bank of Egypt"],"articleSection":["Banking"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/","name":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1","datePublished":"2024-05-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/fitch-upgrades-four-egyptian-banks-credit-rating-outlook-to-positive\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Fitch upgrades four Egyptian banks\u2019 credit rating outlook to positive"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":586887,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/fitch-downgrades-credit-ratings-of-four-local-banks\/","url_meta":{"origin":620265,"position":0},"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":655556,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/20\/fitch-upgrades-four-egyptian-banks-credit-ratings-to-b-on-the-back-of-sovereign-credit-improvements\/","url_meta":{"origin":620265,"position":1},"title":"Fitch upgrades four Egyptian banks\u2019 credit ratings to B on the back of sovereign credit improvements","author":"enterpriseam admin","date":"20 November 2024","format":false,"excerpt":"Fitch cited improved FX liquidity and a significant jump in net foreign assets","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\/2024\/11\/1913.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":620265,"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":610686,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/26\/fitch-downgrades-egyptian-banks-operating-environment-score-on-ties-to-sovereign-debt\/","url_meta":{"origin":620265,"position":3},"title":"Fitch downgrades Egyptian banks\u2019 operating environment score on ties to sovereign debt","author":"enterpriseam admin","date":"26 November 2023","format":false,"excerpt":"Fitch estimates that about 50% of the total assets of Egypt\u2019s banking sector are invested in government debt, creating a significant exposure","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\/11\/1342.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610029,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/fitch-cuts-bank-credit-ratings-following-sovereign-downgrade\/","url_meta":{"origin":620265,"position":4},"title":"Fitch cuts bank credit ratings following sovereign downgrade","author":"enterpriseam admin","date":"14 November 2023","format":false,"excerpt":"Fitch, S&P and Moody\u2019s have all downgraded Egypt\u2019s sovereign rating over the past month due to rising debt concerns","rel":"","context":"In \"banking\"","block_context":{"text":"banking","link":"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/695.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585854,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/sp-lowers-credit-outlook-on-nbe-banque-misr-cib-to-negative\/","url_meta":{"origin":620265,"position":5},"title":"S&P lowers credit outlook on NBE, Banque Misr + CIB to negative","author":"enterpriseam admin","date":"1 May 2023","format":false,"excerpt":"Welcome to the sovereign ceiling\u2026","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\/internal\/wp-content\/uploads\/2023\/05\/National-Bank-of-Egypt3-1920px.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\/620265","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=620265"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620265\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/620253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/620266"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=620265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=620265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=620265"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=620265"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=620265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}