Arab Today, arab today moody\s downgrades lebanon banking outlook
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Move based on slow growth

Moody\'s downgrades Lebanon banking outlook

Arab Today, arab today

Arab Today, arab today Moody\'s downgrades Lebanon banking outlook

International Credit Rating Agency Moody’s
Beirut - George Shahin

International Credit Rating Agency Moody’s International Credit Rating Agency Moody’s on Tuesday downgraded the outlook on Lebanon\'s banking system to negative from stable, due to slow economic growth and the banks\' asset and loan exposures to other regional countries experiencing political unrest or economic slowdowns.
Moody\'s said in its statement \"although non-performing loans improved during 2006-10, it is now more likely that this trend will reverse. In addition to the weakened domestic operating environment conditions, the banks, predominantly the larger ones, have material exposures to countries undergoing political transition or experiencing political unrest, particularly Syria and Egypt.\"
The credit rating agency added that it expected the banks\' profitability to come under pressure in the future as business activity eases causing a slowdown in credit growth and fee-generating income, while the Lebanese banking system remained highly exposed to Lebanon\'s sovereign debt, estimated at more than $50 billion.
Mitigating some of the downside risks, Moody\'s said, is the banking system\'s liquidity buffers and resilient depositor base.
It said the deposits are supported by the influx of remittances, which in 2010 accounted for 22 per cent of GDP.
Remittances \"have historically proven to be resilient even though the risk of capital flight increases during periods of political unrest,\" Moody\'s said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s downgrades lebanon banking outlook Arab Today, arab today moody\s downgrades lebanon banking outlook

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s downgrades lebanon banking outlook Arab Today, arab today moody\s downgrades lebanon banking outlook

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday