Chairman Tarek Kandil:
EEDC to raise Egypt's credit rating
Chairman Tarek Kandil
Sharm el-Sheikh - Arab Today
Two bankers expected the outcome of the Egypt Economic Development Conference (EEDC) will raise Egypt’s credit rating.
Standard & Poor's Ratings has put its sovereign credit ratings for Egypt on 'B'.
"Any step that the government takes in reforming the economy will raise Egypt's credit rating," Tarek Kandil, the chairman of Suez Canal Bank, said.
Mohamed Taha, the vice president of Banque du Caire, agreed.
"Egypt will get a good rating after this conference," he said.
Source: MENA
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