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CI affirms NBE rating, outlook stable

CI affirms NBE rating, outlook stable
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Cairo - Mubasher: Capital Intelligence Ratings (CI) has affirmed the National Bank of Egypt's (NBE) long- and short-term foreign currency ratings (FCRs) at 'B', with a 'Stable' Outlook, according to a report issued on Monday.

The ratings agency also indicated that the bank’s ratings are constrained by those of Egypt, at B with a stable outlook.

CI also added that the bank’s capacity for timely fulfilment of financial obligations is vulnerable to adverse changes in internal or external circumstances.