Tag Archives: C.I.B.

Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf

Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf

Economic analysts said that the recent credit downgrade given to Egyptian banks last week by the Fitch Group credit rating agency fails to take into account positive economy developments, particularly the country’s recent securing of $12bn in financial aid from Gulf countries. (AFP Photo)

Economic analysts said that the recent credit downgrade given to Egyptian banks last week by the Fitch Group credit rating agency fails to take into account positive economy developments, particularly the country’s recent securing of $12bn in financial aid from