Al-Mashat to S&P Global: Egypt’s economy on steady path of reform
Egypt’s economy is on a steady path of reform and recovery, with growth accelerating and private investment…
Browsing Tag
Standard & Poor’s
Egypt’s Suez Canal sees strong rebound, revenue doubling by 2030: IDSC
Egypt’s Suez Canal could see revenues reach $11.9 billion by the 2029/30 fiscal year, almost double current levels,…
S&P: Egypt’s soaring rates allure inflows but pose risks
S&P Global Ratings warned on Sunday that Egypt must find a way to pay less on its debt if it is to weather a…
S&P affirms Africa Re rating at ‘A-’, outlook at ‘stable’
Ratings agency Standard & Poor's (S&P) has recently affirmed the African Reinsurance Corporation’s (Africa…
S&P affirms Egypt’s rating at ‘B/B’
Ratings agency Standard & Poor’s affirmed Egypt’s 'B/B' credit rating on Friday, saying having competitive…
S&P upgrades two Egyptian banks on strong GDP growth
Standard & Poor’s raised its ratings on two Egyptian banks on Tuesday, saying the country’s GDP growth and…
Egyptian Life Takaful seeks S&P, A. M. Best credit ratings for 2017
The Egyptian Life Takaful Company – GIG says it is seeking a new credit rating from the global credit rating…
S&P revises Egypt outlook to ‘stable’ citing IMF support
Standard & Poor's (S&P) Global Ratings has revised early Friday Egypt’s sovereign credit outlook up to…
S&P downgrades Turkey ratings
Standard & Poor's Global Ratings has downgraded Wednesday ratings on the Republic of Turkey, and said the…
S&P says Japan sales tax hike delay makes ‘some sense’
Delaying a sales tax increase in Japan scheduled for April next year makes "some sense" because the weak economy…
S&P cuts Egypt’s credit outlook to ‘negative’ on finance pressure
Standard & Poor's rating agency has on Friday cut Egypt’s credit outlook to negative from stable. The Global…
S&P downgrades China credit outlook to ‘negative’
Standard & Poor's Ratings Services cut Thursday its outlook on China to negative from stable, saying the…
S&P settles Australian lawsuit over Lehman Bros collapse
A substantial settlement has been reached in a landmark A$200 million ($143 million) class action brought against…
Al Baraka Bank – Egypt 2015 net profit up 18%
Al Baraka Bank – Egypt, part of the Bahraini Al Baraka Group, reported an 18 percent rise in 2015 net profit, the…
S&P cuts its outlook on 3 Egyptian banks from ‘positive’ to ‘stable’
Standard & Poor's (S&P) Ratings Services has revised Tuesday its outlook on the Commercial International…
S&P cuts Egypt credit outlook to stable on lower Gulf support
The outlook on Egypt’s credit rating was cut Friday to stable from positive by Standard & Poor’s amid…
Dubai stocks drop to 2-month low as Saudi downgrade jolts Gulf
Dubai’s stocks sank Sunday to the lowest level in more than two months, leading most Middle Eastern markets lower,…
Gulf stock markets slip after S&P downgrade of Saudi debt
Gulf stock markets fell in early trade Sunday after Standard & Poor's downgraded Saudi Arabia's sovereign debt…
Standard & Poor’s assigns ‘B+’ ratings for Egyptian Life Takaful
Standard & Poor's Ratings Services has assigned its 'B+' long-term counterparty credit and financial strength…
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…
S&P upgrades Spain’s credit rating to ‘BBB+’
Spain’s credit rating was boosted to BBB+ by Standard & Poor’s, which cited reforms to labor regulations,…
Brazil loses investment-grade rating from S&P
Standard & Poor's on Wednesday stripped Brazil of its investment-grade credit rating in a move that calls into…
Iraq starts roadshow Thursday for international bond
Iraq's government will start an investor roadshow Thursday for its first international bond issue in nine years,…
S&P raises Ratings for 3 Egyptian Banks – Paper
Global ratings agency Standard & Poor’s upgraded the long-term credit ratings on three major Egyptian banks;…
S&P downgrades McDonald’s rating to A-
Standard & Poor's downgraded on Monday McDonald's Corp. corporate credit rating to A-minus from A, and said…
S&P cuts Greece Credit Rating, ‘Negative’ Outlook
Standard & Poor's Ratings Services decidedon Wednesday to cut Greece's long-term credit rating to CCC-plus from…
Fitch cuts Greece Rating to ‘CCC’ amid Uncertainty over Aid Release
Ratings agency Fitch cut on Friday Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight…
Egypt Debt Rally Missed by Outsiders Shows Al-Sisi Challenge
For all of the gains in Egypt’s financial markets since President Abdel-Fattah al-Sisi took over this year, one…
S&P Doubts Japan Government Will Have Detailed Fiscal Consolidation Plan
Standard & Poor's on Tuesday cast doubt on Prime Minister Shinzo Abe's ability to repair Japan's tattered…
Basel III to Help Support Islamic Banks’ Liquidity Management – S&P
The revised capital requirements for Basel III by the Islamic Financial Services Board (IFSB) will help boost the…
S&P Classifies Egypt’s BICRA at Group ’10’
Standard & Poor's Ratings Services Monday published its "Banking Industry Country Risk Assessment: Egypt."…
Easing Egypt Debt Risk Shows Investors Favoring El-Sisi Victory
To gauge how Field Marshal Abdel-Fattah El-Sisi’s likely victory in this week’s Egyptian presidential…
S&P Affirms Egypt’s Ratings at ‘B-/B’
Standard & Poor's Ratings Services on Friday maintained the credit ratings of the Arab republic of Egypt and…
UK LIoyds’s Joins Egypt Regulator’s List of Accredited Reinsurers
Egypt has recently included the world’s specialist insurance and reinsurance market LIoyd’s to its list of…
Egypt’s Dollar Debt Costs Plunge As Gulf Money Trumps Low Demand
Egypt paid the lowest yield on record to raise $1.8 billion in an auction of dollar-denominated treasury bills as…
S&P Raises Long Term Ratings on Egyptian Banks After Similar Action on Sovereign
Standard & Poor's Ratings Services has raised on Monday its long-term counterparty credit ratings on National…
S&P Raises Egypt Ratings to B- from CCC+
Standard & Poor's Ratings has raised its sovereign credit ratings for Egypt to 'B-/B' from 'CCC+/C', saying it…
Fitch Warns It May Cut U.S. Credit Rating from AAA
Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the…
S&P Downgrades Bahrain’s Al Baraka Bank to Junk Status
Bahraini lender Al Baraka has been downgraded to junk status by Standard & Poor's, the only credit rating…
Italy Banks Bad Loans Underline Southern Europe Malaise
Italian banks are more reluctant to lend as a recession saddles them with mounting bad debt, highlighting a growing…