Meris Downgrades Mobinil Rating, Says Outlook Stable

Meris, Middle East Rating & Investors Service, has downgraded Egyptian Company for Mobile Services (Mobinil) – (EMOB) Credit Rating from “A+” to “A” and bond rating from “A” to “A-“, Youm7 reported.

Moreover, Meris maintained Mobinil outlook at stable, adding that this rating reflects uncertainty about Mobinil’s operational and financial performance.

Arab Finance