VOL. XLIII

No. 32

7-August-2000

LEBANON

S&P Warns That Lebanon And Egypt Face Potential Banking Deterioration

Lebanon and Egypt are two of 15 countries where banking systems are experiencing, or are vulnerable to, stress and to a credit crunch in the form of a sharp increase in defaults on loan payments, according to ratings agency Standard & Poors (S&P). S&P said on 1 August that Lebanons banking system was vulnerable primarily because of structural economic weaknesses and not...