S&P downgrades Egypt sovereign rating

November 25, 2011 15:01

Standard & Poor's has downgraded its sovereign credit rating of Egypt, citing weak political and economic conditions, especially after violent clashes earlier
this month. The rating of Egypt has been cut one notch from 'BB-' to 'B+', indicating a slightly riskier credit profile for the country.

S&P was recently in the news for downgrading the US' credit rating. Read

« Back to LIVE

TOP STORIES

From HUL to Britannia, FMCG companies continue to lag India Inc peers

Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the...

'Tell Modi We Waited'

The MNS chief started his speech with the name of Nehru, then paused. After a few tense seconds, he resumed: "After Nehru, here is the only politician who will be PM for the third term."

Will come to BJP HQ, jail whoever you want: Kejriwal dares Modi

Kejriwal asserted that his party could not be crushed by sending its leaders to jail.

Impact Player rule has disrupted balance of game: Kohli

Virat Kohli has criticised the Impact Player substitution rule and said it is 'disrupting the balance' of the game.

Will win by a bigger margin, says Brij Bhushan's son

Karan Bhushan rejects the charges against his father, saying the "allegations are political and made up. We will challenge them in court".