Caption:
File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
Caption:
File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
S&P raises Egypt’s sovereign credit rating for first time since 2011
London, Asharq Al-Awsat—On Friday, credit rating agency Standard &Poor’s raised Egypt’s long- and short-term foreign and local currency sovereign credit ratings for from “CCC+/C” to “B-/B” with a “stable” outlook. Egyptian Finance Minister Ahmed Galal welcomed...Caption:
File photograph shows a businessman silhouetted as he stands under the Arche de la Défense in the financial district west of Paris on November 20, 2012. (REUTERS/Christian Hartmann/Files)
French credit rating cut by S&P again
Paris, AP—France’s principal credit rating was downgraded again Friday by Standard & Poor’s, which said the country has limited ability to get its public finances in shape and make its economy more competitive. The agency lowered France’s...Caption:
File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
S&P raises Saudi’s long-term sovereign rating outlook
Riyadh, Asharq Al-Awsat—Standard & Poor’s has upgraded Saudi Arabia’s long-term sovereign rating outlook from “stable” to “positive” following a similar move by Fitch in March. S & P’s new rating outlook for Saudi Arabia was issued just one day after...Caption:
Tunisian Prime Minister Hamadi Jebali meets with members of his cabinet on February 19, 2013, in the la Kasbah area of Tunis. Jebali is pursuing “another solution” to Tunisia’s biggest political crisis since the uprising two years ago after his plan to form a cabinet of technocrats failed. AFP PHOTO / FETHI BELAID