LEBANON
Moody’s Sees Negative Outlook For Lebanese Banking
The outlook for the Lebanese banking system remains negative, Moody’s Investors Service said on 24 October. The main drivers of the outlook are expectations of (a) weak economic growth and business sentiment in both 2012 and 2013, as a result of escalating political unrest, domestically and in Syria; (b) an acceleration in the formation of problem loans related to lending in the domestic market and in...
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