Moody’s could rate Egypt’s outlook ‘stable’ if GCC aid continues: BAML
04/03/2014 2:15 am EDT


share with your network:




Bank of America Merrill Lynch has said a presidential bid by Egypt’s Gen. Al-Sisi would be “market-friendly” in the near future; however, aid from the GCC and the International Monetary Fund (IMF) will still be needed for maintain macro stability during the second half of 2014, Daily News Egypt has reported. The financial institution also said that on the condition that GCC aid continues and the political transition is completed, international credit rating agency Moody’s is expected to bring Egypt’s outlook to stable, an improvement from the current negative outlook, and upgrade its Caa1 sovereign rating by one notch to reach B3.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.