VOL. XLI

No. 45

9-November-1998

LEBANON

Moodys Warns Of Over-Exposure Of Lebanese Banking System To TheGovernment

In its assessment of Lebanons banking system outlook, the USratings agency Moodys Investors Service notes that "the financial strength ofLebanese banks is being driven by conditions in the macro-economy, with the most importantindicators being the governments fiscal deficit, the exchange rate and the level ofbusiness confidence." Although economic prospects appear to be more secure...