S&P Global Ratings has revised its outlook on the sovereign risk to stable from negative as deposit inflows are likely to remain sufficient to support the Government's borrowing requirement and the country's external financing gap.
The credit rating agency said in a recent report that it affirms its 'B-/B' sovereign credit ratings.
This revision will have a positive impact on the attitude of corresponding banks toward their local counterparts, said Amine Awad, advisor ...
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