S&p Cuts Egypt's Credit Ratings

CAIRO (AP) — Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves.

Sections:  news   world   
  • Ghana impounds 'faulty condoms'
    More than 110 million Chinese-made condoms are seized in Ghana after laboratory tests revealed they had holes and burst easily. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Mubarak ordered back to prison
    Former Egyptian President Hosni Mubarak has been ordered back to prison from military hospital. Mr Mubarak's retrial will open on 11 May, a Cairo appeals court says. More
  • African growth 'to outpace world'
    Sub-Saharan Africa's economic growth is set to outpace the global average over the next three years, according to the World Bank. Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%. More
  • S&P cuts Egypt's sovereign rating to 'C'
    Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country vulnerable to a balance of ...
    10/16/2018 - 1:00 pm | View Link
  • S&P: Qatar boycott puts it at highest risk of downgrade globally
    It added that made Qatar the credit with the highest downgrade risk across all markets. VIEW: Has boycott of Qatar failed? According to Mohamed Damak, global head of Islamic finance at S&P, the Qatar ...
    09/28/2018 - 2:25 am | View Link
  • S&P cuts troubled Deutsche's rating by a notch to BBB+
    Ratings agency S&P on Friday downgraded German giant Deutsche Bank's long-term credit rating from A- to BBB+, a day after a US banking regulator classified the firm's American subsidiary as an at-risk ...
    05/31/2018 - 8:06 pm | View Link
  • What 16 strategists forecast for the S&P 500 in 2017
    Below is a summary of what Wall Street’s top strategists are telling their clients ... Against the backdrop of elevated valuations, slow growth and limited scope for credit expansion, our target and t...
    11/24/2016 - 1:41 am | View Link
  • MIDEAST STOCKS-Background mixed for Gulf; S&P upgrade may support Egypt
    may stabilise after rating agency Standard and Poor's revised the country's sovereign credit outlook to positive from stable. The move was not a surprise, but may nevertheless be a modest positive for ...
    05/16/2015 - 6:51 pm | View Link
  • More
  • Wires
    1 Hour Ago *Self-checkout catches on as labour pool shrinks. TOKYO, Nov 5- Japan's capital expenditure boom is shifting to the services sector, stirring fears that self-checkout systems and ...
    11/6/2018 - 5:18 am | View Website
  • Today's Stock Market News and Analysis from Nasdaq.com
    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    11/5/2018 - 7:31 pm | View Website
  • Standard & Poor's | Americas
    In 28 countries around the world and a history that dates back more than 150 years, S&P Global Ratings provides high-quality market intelligence in the form of credit ratings, research, and thought leadership.
    11/5/2018 - 6:19 pm | View Website
  • Archives
    Archives and past articles from the Philadelphia Inquirer, Philadelphia Daily News, and Philly.com.
    11/5/2018 - 10:55 am | View Website
  • Facebook
    Facebook, Inc. is an American online social media and social networking service company based in Menlo Park, California.Its website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.. The founders initially limited the website's membership to Harvard students.
    11/5/2018 - 10:05 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News