waltermasoni
Caribbean Trader
Buy recente emissione Egitto in euro 99,20
www.boerse-berlin.com/index.php/Bonds?isin=XS1980255936
Il paese sta’ crescendo e moodys ha aumentato il rating 15 gg fa. Naturalmente la situazione e’ comunque molto speculativa.
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).
A marzo anche Fitch aumento rating:
Fitch Upgrades Egypt to 'B+'; Outlook Stable
21 MAR 2019 07:42 AM ET
Fitch Ratings-Hong Kong-21 March 2019: Fitch Ratings has upgraded Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'B'. The Outlook is Stable.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
The upgrade of the IDRs reflects the following key rating drivers:
www.boerse-berlin.com/index.php/Bonds?isin=XS1980255936
Il paese sta’ crescendo e moodys ha aumentato il rating 15 gg fa. Naturalmente la situazione e’ comunque molto speculativa.
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).
A marzo anche Fitch aumento rating:
Fitch Upgrades Egypt to 'B+'; Outlook Stable
21 MAR 2019 07:42 AM ET
Fitch Ratings-Hong Kong-21 March 2019: Fitch Ratings has upgraded Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'B'. The Outlook is Stable.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
The upgrade of the IDRs reflects the following key rating drivers:
