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Fitch Revises Egyptian Banks' Ratings after Sovereign Downgrades

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Fitch Ratings has downgraded the Long-term foreign currency Issuer Default Ratings (IDR) of National Bank of Egypt (NBE), its wholly-owned subsidiary, National Bank of Egypt (UK) Ltd (NBEUK), and Commercial International Bank (CIB), to 'B' from 'B The Outlooks are Negative. The downgrades of NBE, ... (Publication: CPI Financial)

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