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...
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