Latest in Tag: credit rating Highlight

Advertising Area

Latest in Tag: credit rating

S&P’s upgrade of credit rating confirms Egypt is on right path: El-Garhy

Minister of Finance Amr El-Garhy welcomed the Friday decision of Standard & Poor’s (S&P) to raise Egypt’s credit rating to B from B-, stressing that this step confirms that the state is on the right path and asserts confidence in the Egyptian economic reform programme. El-Garhy added that the decision will contribute to attracting more …

Mohamed Samir

S&P downgrades UK credit rating

Ratings agency Standard & Poor’s has removed the UK’s coveted top credit rating status because of its vote to leave the European Union. S&P was the last of the big three credit assessment agencies to do so.

Deutsche Welle

Moody’s lowers Volkswagen’s credit rating

US ratings agency Moody’s has downgraded VW’s credit rating in response to the German carmaker’s deepening pollution scandal. Due to the latest revelations, the agency’s outlook for the company was negative. Moody’s hit embattled German auto maker Volkswagen Wednesday with a credit rating downgrade, saying the company’s reputation and earnings were at risk from the …

Deutsche Welle

S&P raises Egypt sovereign credit rating to B- from CCC+

Reuters – Standard & Poor’s Ratings has raised its long and short-term foreign and local currency sovereign credit ratings on the Arab Republic of Egypt to ‘B-/B’ from ‘CCC+/C’. The upgrade reflects S&P’s view that the Egyptian authorities have secured sufficient foreign currency funding to manage Egypt’s short-term fiscal and external financing needs. “We expect support from bilateral …

Daily News Egypt

Egyptian economy in freefall

Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy

Daily News Egypt