| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank Audi SAL > News item |
S&P revises Lebanon banks to stable
S&P said it revised its outlooks on Lebanon-based financial institutions Bank Audi SAL, Blom Bank sal and BankMed sal to stable from negative.
At the same time, the agency affirmed its B- long-term counterparty credit ratings on each of the three banks and its C short-term counterparty credit ratings on Bank Audi and on Bankmed.
The outlook revisions follow the revision of the outlook on Lebanon on Sept. 2.
S&P said the outlook revision on the sovereign reflects its view that bank deposits in Lebanon will grow sufficiently to support the government's borrowing requirement (26% of GDP in 2016) and the country's external financing requirement (89% of GDP or 151% of current account receipts in 2016).
The agency expects bank deposits will grow by at least 4% in 2016.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.