{"id":625143,"date":"2018-09-27T04:19:15","date_gmt":"2018-09-27T04:19:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/"},"modified":"2018-09-27T04:19:15","modified_gmt":"2018-09-27T04:19:15","slug":"sps-raises-credit-rating-for-nbe-banque-misr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/","title":{"rendered":"S&#038;P\u2019s raises credit rating for NBE, Banque Misr"},"content":{"rendered":"<p>Ratings agency Standard & Poor\u2019s raised its long-term issuer credit rating for the National Bank of Egypt (NBE) and Banque Misr to B from B- and is currently revising their outlooks to stable from positive, <a href=\"https:\/\/www.standardandpoors.com\/en_US\/web\/guest\/article\/-\/view\/type\/HTML\/id\/2104567\">according to a release<\/a>. The agency stated that the banks\u2019 upgrades came as a result of Egypt\u2019s strengthening GDP growth, improved economic and political conditions, and reduced credit growth. S&P\u2019s also maintained CIB\u2019s long- and short-term issuer credit ratings at B and maintained its outlook as stable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ratings agency Standard &#038; Poor\u2019s raised its long-term issuer credit rating for the National Bank of Egypt (NBE) and Banque Misr to B from B- and is currently revising their outlooks to stable from positive, according to a release. The agency stated that the banks\u2019 upgrades came as a result of Egypt\u2019s strengthening GDP growth, [&hellip;]<\/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":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625143","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"aacae853-45d0-416d-ad8a-0f03a67d3b86","order":"0","is_powered_by":true,"section_story_id":"57ea2fa7-f5b8-47dd-8b5d-4248a4a65364","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625107],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>S&amp;P\u2019s raises credit rating for NBE, Banque Misr - 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\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P\u2019s raises credit rating for NBE, Banque Misr\" \/>\n<meta property=\"og:description\" content=\"Ratings agency Standard &amp; Poor\u2019s raised its long-term issuer credit rating for the National Bank of Egypt (NBE) and Banque Misr to B from B- and is currently revising their outlooks to stable from positive, according to a release. The agency stated that the banks\u2019 upgrades came as a result of Egypt\u2019s strengthening GDP growth, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-27T04:19:15+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\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"S&#038;P\u2019s raises credit rating for NBE, Banque Misr\",\"datePublished\":\"2018-09-27T04:19:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/sps-raises-credit-rating-for-nbe-banque-misr\/\",\"name\":\"S&P\u2019s raises credit rating for NBE, Banque Misr - 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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 &quot;Banking + Finance&quot;","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":595516,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/fitch-affirms-credit-ratings-of-credit-agricole-national-bank-of-egypt\/","url_meta":{"origin":625143,"position":1},"title":"Fitch affirms credit ratings of Credit Agricole, National Bank of Egypt","author":"enterpriseam admin","date":"29 September 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":625143,"position":2},"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 &quot;Economy&quot;","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":585854,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/sp-lowers-credit-outlook-on-nbe-banque-misr-cib-to-negative\/","url_meta":{"origin":625143,"position":3},"title":"S&#038;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 &quot;Economy&quot;","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":[]},{"id":602757,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/fitch-raises-credit-rating-for-cib-nbc\/","url_meta":{"origin":625143,"position":4},"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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