Egypt - Ratings Lowered; Outlook Revised to Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered Egypt's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) to 'B' from 'B+'. The Outlook on Egypt's LT FCR and LT LCR has been revised to Stable from Negative. At the same time, CI Ratings has affirmed the sovereign's ST FCR and ST LCR at 'B'.

Attachments

• Rating Announcement (CRA)
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• Sovereign Rating Report (Egypt)
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