The diplomatic push comes amid alarm over Russia’s military buildup on Ukraine’s borders, fanning fears it plans to seize more territory following its lightning annexation of Crimea.
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Economic uncertainties and political turmoil are reflected in poor bank ratings
The agency stated that Egypt’s rating could be downgraded further if there were an intensification of political unrest or instability in the banking system.
(Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost customer deposits, while worsening the outlook for weaker banks that …