VOL. XLIV

No 39

24-September-2001

LEBANON

S&P Says Lebanese Bank Ratings Still Driven By FragileOperating Environment

In a report issued on 12September, Ratings agency Standard & Poors (S&P) said that the maindriver of its ratings on Lebanese banks continues to be the economic riskinherent in their fragile operating environment. According to the agencys BankIndustry Risk Analysis: Lebanon, authored by Emmanuel Volland, theprofitability and asset quality of Lebanese banks are under...