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Moody’s alters outlook to negative for 5 Egyptian banks amid credit profile concerns
Egypt’s weakening credit profile has prompted Moody’s to affirm ratings for all five banks while downgrading their long-term deposit scores to negative from stable. The rating agency attributed the adverse outlook to the significant holdings of sovereign debt securities by the affected banks, including National Bank of Egypt, Banque Misr,…
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Click here to read the full story: Arab News