Middle East Economic Survey
VOL. LIV
No 50
12-Dec-2011
Lebanon
Moodys Downgrades Lebanons Banking System
Moodys Investors Service announced in its new Banking System Outlook released on 5 December that it had changed to negative from stable the outlook on Lebanons banking system. Moodys explained that the key drivers of credit risk within this system are: slower economic growth, following a sharp GDP deceleration in first half 2011; downside economic risks due to regional political...
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