Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

Lebanon

S&P Revises Outlook On Three Lebanese Banks

Standard & Poor’s Ratings Services (S&P) revised its outlook on three Lebanese banks (Bank Audi SAL-Audi Saradar Group, BankMed, and Blom Bank) to stable from positive on 19 January, following the same rating action on Lebanon. At the same time, S&P affirmed the B long term counterparty credit ratings on all three banks, and the B short term counterparty...