Moody

Moody’s changes rating for 5 Egyptian banks

Credit rating agency Moody’s announced on Tuesday that it has changed the ratings and estimates of five internationally ranked Egyptian banks. The agency said that this includes the Caa1 long-term deposit ratings of the National Bank of Egypt (NBE), Banque Misr (BM), Banque du Caire and the Commercial International Bank (CIB), and the B3 long-term …

The post Moody’s changes rating for 5 Egyptian banks appeared first on Egypt Independent.

Egypt Independent March 13, 2024

Moody’s alters outlook for five Egyptian banks to negative

Global credit rating agency Moody’s Investors Service has altered the outlook for five Egyptian banks, bringing their long-term deposit ratings to negative from stable. These five banks are the National Bank of Egypt, Banque Misr, Banque du Caire, Commercial International Bank Egypt, and ALEXBANK. Moody’s added in the statement that it has maintained the long-term …

The post Moody’s alters outlook for five Egyptian banks to negative appeared first on Egypt Independent.

Egypt Independent January 26, 2024

Egypt responds to Moody’s changing its future outlook to negative

Egypt’s Finance Ministry assured that the government is working to manage macroeconomic risks with flexibility to contain successive external shocks, and is dealing in a balanced and careful manner with the negative impact of geopolitical tensions on economic activity. In a Friday state the government added that it is keen to meet the basic needs …

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Egypt Independent January 20, 2024

Egypt under review for downgrade by Moody’s for 3 months

The Egyptian Ministry of Finance issued an urgent statement on Friday commenting on Moody’s, the global credit rating agency’s decision to place Egypt under negative review for three months. Placing the status of Egypt’s sovereign credit rating in both local and foreign currencies and the future outlook under negative review for an additional three months …

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Egypt Independent August 11, 2023

Moody’s assigned Credit Ratings for National Bank of Iraq (NBI)

By John Lee. Moody’s Investors Service has assigned first time local currency long-term/short-term deposit ratings of B3/NP for National Bank of Iraq (NBI), and foreign currency long-term/short-term deposit rating of Caa1/NP. At the same time, the rating agency has assigned a Baseline Credit Assessment (BCA) of caa2, Adjusted BCA of b3, as well as long-term […]

The post Moody’s assigned Credit Ratings for National Bank of Iraq (NBI) first appeared on Iraq Business News.

Iraqinews September 26, 2022