Thursday 15, April 2010 by

Moody's upgrades four Lebanese banks following sovereign upgrade

Moody's said it has upgraded to B1 from B2 the constrained long-term foreign currency deposit ratings of four Lebanese banks: BLOM Bank, Byblos Bank, Bank Audi and Bank of Beirut. Moody's has also upgraded Byblos Bank's foreign currency senior bond ratings to Ba3 from B1. “The outlook on all of these ratings is now stable,” the rating agency said.

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