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...