March 19, 2020 / 3:42 PM / 16 days ago

BRIEF-Fitch Says Covid-19 Poses Downside Risks To Egyptian Banks

March 19 (Reuters) - Fitch:

* FITCH SAYS COVID-19 POSES DOWNSIDE RISKS TO EGYPTIAN BANKS

* FITCH SAYS DO NOT SEE IMMEDIATE PRESSURE ON EGYPTIAN BANKS’ RATINGS BUT MATERIAL WEAKENING IN ASSET QUALITY COULD LEAD TO NEGATIVE RATING ACTIONS Source text for Eikon:

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