gualberto
Charlie don't Surf
Non mi pare che paghi questo mese
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
waltermasoni
Caribbean Trader
Rating Action:
Moody's upgrades Egypt's ratings to B2, stable outlook
17 Apr 2019
New York, April 17, 2019 -- Moody's Investors Service ("Moody's") has today upgraded the long-term foreign and local currency issuer ratings of the Government of Egypt to B2 from B3. The outlook was changed to stable from positive.
The decision to upgrade the rating primarily reflects :
i) Moody's expectation that ongoing fiscal and economic reforms will support a gradual but steady improvement in Egypt's fiscal metrics and raise real GDP growth.
ii) Moody's increasing confidence that factors such as Egypt's large domestic funding base support its resilience to refinancing shocks notwithstanding the government's very high borrowing needs and interest costs.
The stable outlook balances the downside risks posed by very weak debt affordability and large financing needs alongside the longer-term challenges to a shift to a more inclusive, private sector-led growth model, against the possibility that strong reform commitment could deliver higher growth and lower borrowing needs and shore up resilience to changing financing conditions to a greater extent than currently assumed.
At the same time, Moody's has upgraded Egypt's foreign currency senior unsecured ratings to B2 from B3, and its foreign currency senior unsecured MTN program rating to (P)B2 from (P)B3.
Moody's has also changed Egypt's foreign-currency bond ceiling to B1 from B2, the foreign-currency deposit ceiling to B3 from Caa1, and the local-currency bond and deposit ceilings to Ba1 from Ba2. The short-term country ceilings for foreign-currency bonds and deposits remain unchanged at Not Prime (NP).
Moody's upgrades Egypt's ratings to B2, stable outlook
17 Apr 2019
New York, April 17, 2019 -- Moody's Investors Service ("Moody's") has today upgraded the long-term foreign and local currency issuer ratings of the Government of Egypt to B2 from B3. The outlook was changed to stable from positive.
The decision to upgrade the rating primarily reflects :
i) Moody's expectation that ongoing fiscal and economic reforms will support a gradual but steady improvement in Egypt's fiscal metrics and raise real GDP growth.
ii) Moody's increasing confidence that factors such as Egypt's large domestic funding base support its resilience to refinancing shocks notwithstanding the government's very high borrowing needs and interest costs.
The stable outlook balances the downside risks posed by very weak debt affordability and large financing needs alongside the longer-term challenges to a shift to a more inclusive, private sector-led growth model, against the possibility that strong reform commitment could deliver higher growth and lower borrowing needs and shore up resilience to changing financing conditions to a greater extent than currently assumed.
At the same time, Moody's has upgraded Egypt's foreign currency senior unsecured ratings to B2 from B3, and its foreign currency senior unsecured MTN program rating to (P)B2 from (P)B3.
Moody's has also changed Egypt's foreign-currency bond ceiling to B1 from B2, the foreign-currency deposit ceiling to B3 from Caa1, and the local-currency bond and deposit ceilings to Ba1 from Ba2. The short-term country ceilings for foreign-currency bonds and deposits remain unchanged at Not Prime (NP).
Maio72
Follow the white rabbit
Penso sia solo una battuta. Anche lui è abruzzese. Se ricordo bene della Marsica.
Io zona PE.
fedro10
è la somma che fa il totale...
fedro10
è la somma che fa il totale...
impegnativo
Guest
al momento accreditata la sola cedola.
fabriziof
Forumer storico
Mio post di febbraio
io attendo con db
