Egypt: MERIS(Middle East Rating & Investors Service)Maintained the National Scale Rating (NSR) of a "BBB-" for the Entity Rating and the Instrument Rating of Ezz Steel Company second bond issue. The rating outlook is "Stable" for both the entity and the instrument.

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5/27/2010

Fundamental Financial Institutions Ratings
Issuer NameCountryEntityLTROutlookSTMRWatchlistPDF
Export Development Bank of EgyptEgyptA- Feb.10n.a.Stable A- Feb.10n.a.n.a.
Al Watany Bank of EgyptEgyptA June 09n.a.Stable A June 09n.a.n.a.
Arab African International Bank (AAIB)EgyptA+ July06n.a.Stable July 06n.a.n.a.
Housing and Development Bank (HDB)EgyptA- June 08n.a.Positive June 08n.a.n.a.
Industrial Development Bank of Egypt (IDBE)EgyptBBB+ May 06BBB+ May 06Negative May 06n.a.n.a.
Misr Iran Development Bank (MIDB)EgyptBBB+ July 06BBB+ July 06Stable July 06n.a.n.a.
 

LTR: Long Term Rating
STMR: Short-Term Most Recent Rating
FSR: Financial Strength Rating

 
 
 

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