News & Credit Rating Announcements
31 March 2022 | Country: Egypt | Bank: National Bank of Egypt
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National Bank of Egypt - Bank Standalone Rating Raised
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Egypt (NBE) at 'B+' and 'B', respectively. At the same time, CI Ratings has raised NBE's Bank Standalone Rating (BSR) to 'b+' (from 'b') and Core Financial Strength (CFS) rating to 'bb' (from 'bb-'). The Extraordinary Support Level (ESL) of Moderate, and the Stable Outlook for the LT FCR and BSR have been affirmed.
Attachments
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Rating Announcement (CRA)
PDF Download Available
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Bank Rating Report (Egypt, National Bank of Egypt)
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