Fitch Downgrades Banque Audi And Byblos Bank
Ratings agency Fitch announced on 28 June that is haddowngraded Banque Audi and ByblosBanks individual ratings from C to C/D. At the same time, Fitch reaffirmed thetwo banks long-term, short-term and support ratings at B-, B and 4Trespectively. The outlook for both banks is stable. The move reflects the twobanks mediocre asset quality and profitability resulting from the weakdomestic operating environment, said...