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Capital Intelligence: EDBE of Egypt’s ratings affirmed with stable outlook

Capital Intelligence: EDBE of Egypt’s ratings affirmed with stable outlook

ArabFinance: 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) (EXPA) 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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