Fitch raises the rating of 4 banks in Egypt to B with a stable outlook

Fitch raised the rating of 4 banks in Egypt to B with a stable outlook from B-, after raising its credit rating for Egypt for the first time in 2019.

The banks are: National Bank of Egypt, Banque Misr, Cairo Bank, and Commercial International Bank – CIB Egypt

Fitch said that operating conditions improved after the flow of liquidity in foreign currencies improved.



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