VOL. XL

No. 47

24-November-1997

LEBANON

S&P Assigns BLOM BB-Rating

The US ratings agency Standard and Poor's (S&P) announced on 17 November that ithad assigned Lebanese bank Banque du Liban et d'Outre-Mer (BLOM) a long-term counterpartyrating of BB- with a stable outlook. In a statement, S&P said that the rating takesinto account the bank's "relatively low risk asset profilehighliquidityinternational diversification with its comparatively lower capitalposition, and the risks of the...