Established in 1992 as an Egyptian joint stock company with an authorized and paid in capital of 250 million Egyptian Pounds.
MERIS, Middle East Rating and Investors Service issued a National Scale Rating (NSR) for the Export Credit Guarantee Company “ECGE” Long-term obligations, i.e “Senior Unsecured Debt.” ECGE was given an “A-“rating in September 2010.
MERIS analysis was based on the audited financial statements for the financial year ending June 2010.
An “A” rating denotes that the institution represents Above Average Credit worthiness relative to other domestic institutions, which means that the institution has a low risk profile, in addition to its ability to repay its debts upon maturity.
The (+/-) sign denotes relative status within each rating category.