Comment & Analysis
Coronavirus
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Fitch Rtgs: COVID-19 Poses downside risks to Egyptian banks
Egyptian banks, which were set to enter into a credit expansion cycle in 2020-2021, will be hit by the outbreak of the coronavirus, Fitch Ratings says. Banks' credit profiles could come under pressure in a weaker operating environment and with an economic slowdown. Delayed capex financing plans despite interest-rate cuts…
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Source: Fitch Ratings