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Egypt Downgraded to B- by S&P

Egypt Downgraded to B- by S&P

Egypt was downgraded by S&P to B- from B due to recurring delays in the implementation of monetary and structural reforms and deterioration of the net foreign asset position of systemic banks. Egypt's debt servicing costs continue to remain high with 40% of...

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The Week That Was (16 – 22 October, 2022)

The Week That Was (16 – 22 October, 2022)

US primary market new deals were significantly higher last week at $30bn vs. $12bn a week prior with IG deals at $25.9bn led by large US banks - JPMorgan raised $7.25bn via a thee-trancher followed by Wells Fargo and Goldman Sachs that raised $6bn and $4bn...

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