VOL. XLIII

No. 05

31-January-2000

LEBANON

S&P Affirms Ratings For Banque Audi

Standard & Poors (S&P) affirmed on 19 January its BB- long-term and B short-term counterparty credit ratings for the Beirut-based Banque Audi. S&P also affirmed the subordinated debt rating of B and said the outlook on the ratings is negative, reflecting the country outlook for Lebanon.

The ratings affirmations follow the closure of Banque Audis share buyback operation on 12 January, the agency said in a...