moody’s

Egypt’s insurance future positive, thanks to untapped market: Moody’s
Business

Egypt’s insurance future positive, thanks to untapped market: Moody’s

Moody’s global credit rating agency has drawn a positive picture of the future of Egypt’s insurance market, saying that low…
Moody’s finds it unlikely for Egypt to meet expected revenue from Suez Canal expansion
Egypt

Moody’s finds it unlikely for Egypt to meet expected revenue from Suez Canal expansion

Credit ratings provider Moody's expects "only limited credit-positive effects" for Egypt in the current fiscal year, in light of the…
Moody’s upgrades Egypt’s banking system’s outlook to stable
Business

Moody’s upgrades Egypt’s banking system’s outlook to stable

 Moody's Investors Service says it has upgraded Egypt's banking system outlook to stable from negative, expecting the sector's operating conditions…
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Business

Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks

Moody’s Investors Service on Wednesday changed  the outlook on the long term local currency deposit ratings of five Egyptian banks from negative to…
Stock market loses LE500 million on Thursday
Business

Stock market loses LE500 million on Thursday

After a shaky day for the market, stock indexes closed with a LE500 million loss on Thursday. The main index…
Thursday’s papers: Protest legislation makes waves as politicians focus on Cabinet shakeup
Egypt

Thursday’s papers: Protest legislation makes waves as politicians focus on Cabinet shakeup

Thursday’s papers follow the saga of a controversial draft law restricting protests. Although the government says the legislation is slated…
Petroleum authority feels effects of credit downgrade
Business

Petroleum authority feels effects of credit downgrade

  The General Petroleum Corporation will likely have trouble seeking loans following an international credit rating agency's decision to downgrade…
Moody’s keeps Egypt’s credit rating at B2
Business

Moody’s keeps Egypt’s credit rating at B2

  Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
Poor outlook for Egyptian banks could affect foreign lending
Business

Poor outlook for Egyptian banks could affect foreign lending

Egypt could face difficulties in obtaining foreign loans, warned banking experts, after Moody's revised its outlook on Egypt's banking system…
Moody’s calls Egypt bonds ‘risky’
Business

Moody’s calls Egypt bonds ‘risky’

The international ratings agency Moody's, in a report released Monday, said that recently issued Egyptian government bonds will carry huge…
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