CI affirms Egypt’s Banque du Caire B+ rating with a stable outlook
Rating agency Capital Intelligence (CI) affirmed on Tuesday the long-term foreign currency rating (LT FCR) of Egypt’s Banque du Caire (BdC) at ‘B+’.
It also affirmed in a statement the bank’s short-term foreign currency rating (ST FCR) at ‘B’.
At the same time, CI has affirmed BdC’s Bank Standalone Rating (BSR) of ‘b’, Core Financial Strength (CFS) rating of ‘bb-‘ and Extraordinary Support Level (ESL) of Moderate.
The outlook for the LT FCR and BSR remains Stable.