Wednesday 20, July 2011 by

Moody's turns negative on outlooks for four Lebanese banks

Moody’s has changed to negative from stable the outlooks on the standalone bank financial strength ratings (BFSR) and global local-currency (GLC) deposit ratings of four Lebanese banks (i) Bank Audi; (ii) Blom Bank; (iii) Bank of Beirut; and (iv) Byblos Bank. All four banks have D- BFSRs - mapping to a Ba3 on Moody's long-term scale - and Ba3 GLC deposit ratings. The outlook on Byblos Bank's B1 subordinated debt was also changed to negative from stable. 

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