VOL. XLIII
No. 24
12-June-2000
LEBANON
As Long Term Ratings On Three Lebanese Banks Placed On CreditWatch Negative
Standard and Poors (S&P) ratings agency placed its long-term ratings on Banque Audi, Banque de la Mediterranee, and Banque du Liban et dOutre-Mer on CreditWatch with negative implications. According to S&P, the ratings on all three banks reflect the risks inherent in operating in Lebanon which is experiencing macroeconomic problems owing to its continuing fiscal imbalance,...
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