IFC’s SBFN upgrades Egypt’s sustainable finance ranking

Egypt has moved up one notch in the Sustainable Banking and Finance Network (SBFN)'s sustainable finance rating of countries to the advancing-implementation category from developing-implementation, according to the Global Progress Brief 2024 report published by SBFN.

Updated 4/29/2024 7:31:00 AM

FTSE Russell puts Egypt on reclassification watchlist

FTSE Russell has decided to keep Egypt on the watchlist amidst concerns over a potential downgrade from its emerging-market status to unclassified status.

Updated 3/28/2024 8:51:00 AM

Moody’s changes outlook for 5 Egyptian banks to negative

Moody’s Investors Services has affirmed the long-term bank deposit ratings of five Egyptian banks, while it downgraded their outlook from stable to negative.

Updated 1/24/2024 12:01:00 PM

Capital Intelligence lowers Egypt’s LT FCR, LT LCR to B

The rating agency Capital Intelligence Ratings (CI) has downgraded Egypt’s long-term foreign currency rating (LT FCR) and long-term local currency rating (LT LCR) to B from B+.

Updated 9/3/2023 8:02:00 AM