National Bank of Egypt’s Ratings Affirmed with a ‘Stable’ Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed National Bank of Egypt's (NBE) Long- and Short-Term Foreign Currency Ratings (FCRs) at 'B', with a 'Stable' Outlook. These ratings, which are constrained by CI Ratings' sovereign ratings for Egypt ('B'/'B'/'Stable'), denote significant credit risk – given that the Bank's capacity for timely fulfilment of financial obligations is vulnerable to adverse changes in internal or external circumstances.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (Egypt, National Bank of Egypt)
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