BOND CREDIT ratings
business Moody's upgraded Cyprus' government bond rating to B3 from Caa3 and has also changed the outlook on the government bond rating to stable from positive and affirmed Cyprus' Not-Prime (NP) short-term rating.
The euro was briefly sold against the dollar and the yen amid rumors that the French bond credit rating
would be downgraded, but the single currency was bought back later in the day after the rumor was denied, they said.
Moody's Investors Service, often referred to as Moody's, is the bond credit rating
business of Moody's Corporation, representing the company's traditional line of business and its historical name.
On February 3, California's bond credit rating
was downgraded below that of every other state by Standard & Poor's, one of the Big-Three Wall Street rating agencies.
In an interview with Daily News Egypt analyst at Moody's Sovereign Risk Group Mathias Angonin discussed Egypt's bond credit rating
, economic growth, national projects, and the stability of its economic situation.
These include reducing transaction costs and settlement time on the Egyptian Exchange; and developing the bond market through facilitating bond issuance procedures and establishing bond credit rating
agencies, among other measures.