Thursday 31, December 2009 by
Moody's downgrades three Egyptian banks' deposit ratings
These actions form part of Moody's global review of systemic support indicators and concludes the review for possible downgrade initiated on these ratings in July 2009. All bank financial strength ratings (BFSRs) and foreign currency deposit ratings of the five rated Egyptian banks remain unchanged and are not affected by this rating action. The full list of affected ratings can be found below.
