Commercial International Bank Foreign Currency Rating revised following Egypt Sovereign Ratings Action

Egypt: Capital Intelligence (CI), the international credit rating agency, has lowered Commercial International Bank (CIB)’s Long-Term Foreign Currency Rating (FCR) to ‘B-‘ and affirmed the Short-Term FCR at ‘B’ following the recent downgrade of Egypt’s Sovereign Long-Term FCR to ‘B-‘ from ‘B’, on ‘Negative’ Outlook. []

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