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View Full Version : Egypt Dollar Offerings Grow on Record Local Borrowing Costs - Bloomberg



NewsWhore
02-12-2012, 04:50 PM
Egypt Dollar Offerings Grow on Record Local Borrowing Costs (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFoUzpaSaCIjGbJgm5GV-rUNDPzZg&url=http://www.bloomberg.com/news/2012-02-12/egypt-dollar-offerings-grow-on-record-local-borrowing-costs.html)
Bloomberg
Standard & Poor's lowered the ratings on Egypt's long-term foreign- and local-currency debt on Feb. 10 to B, five grades below investment quality, from B+. The outlook was negative, suggesting the next move may be another cut.

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