Fitch Ratings downgrades credit ratings of 3 Egyptian banks to ‘B-’

Fitch Ratings has downgraded the long-term issuer default ratings (IDRs) of three Egyptian banks, namely the National Bank of Egypt (NBE), Banque Misr, and Banque Du Caire, to ‘B-’ from ‘B’, with stable outlooks.

Updated 11/14/2023 7:19:00 AM

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