Moody’s: Drop in Egypt’s foreign reserves ‘credit negative
The steady drop of Egypt’s international foreign reserves is “credit negative,” according to a report released by…
Browsing Tag
Moody’s
Egypt’s finance minister off to IMF-World Bank Annual Meetings in Peru
Egyptian Ministry of Finance Hany Qadry is heading a delegation to attend the annual meetings of the International…
Corporate lending takes off in Egypt as cash-rich banks flex muscles
Egypt’s cash-rich banks proved themselves resilient through the years of upheaval that followed the 2011 revolution…
Moody’s: New funding for SME lending to diversify Egyptian banks’ revenues
The global rating agency Moody's stated Monday that the Egyptian banks have recently been receiving larger amounts…
International ratings agencies elevate Egypt’s rating in 1 year
Following consecutive downgrades of Egypt’s credit rating by international ratings agencies, an upward trend has…
Moody’s: Eni gas find to alleviate Egypt’s BoP pressures
Italian energy giant Eni’s discovery of a large offshore natural gas field in the eastern Mediterranean off the…
Moody’s slashes India’s growth forecast to 7%
Moody's Investors Service on Tuesday lowered its forecast for India's economic expansion to 7% this fiscal year due…
374 ships cross Egypt’s old and new Suez Canal in a week
Following the inauguration of the new Suez Canal, the Egyptian waterway has witnessed the crossing of 374 ships in…
Moody’s: New Suez Canal’s credit-positive effects on Egypt to take time to materlise
Credit ratings provider Moody's expects "only limited credit-positive effects" for Egypt in the current fiscal…
Moody’s changes Egypt Banking System Outlook to ‘Stable’ – Statement
Moody's Investors Service announced Wednesday it has changed the outlook for Egypt's banking system to stable from…
AfDB 2023