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CI Seminars

CI Seminars

News & Credit Rating Announcements

17 December 2018 | Country: Egypt | Bank: Export Development Bank of Egypt

Export Development Bank of Egypt’s Ratings Affirmed with a Stable Outlook


Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Export Development Bank of Egypt's (EBE) Long- and Short-Term Foreign Currency Ratings (FCRs) at 'B+' and 'B', respectively, with a Stable Outlook. CI Ratings had recently upgraded the Bank's Long-Term FCR in line with the increase in Egypt's Sovereign Long-Term FCR to 'B+'. The Bank's FCRs, which are set at the same level as the ratings assigned to the sovereign ('B+'/'B'/Stable), denote significant credit risk as EBE's capacity for timely fulfillment of financial obligations is vulnerable to adverse changes in internal or external circumstances.


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