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Moody's may drop Lebanese ratings
- Lebanon: Sunday, July 30 - 2006 at 08:27
Moody's Investors Service may downgrade the financial strength ratings of the three rated Lebanese banks: Blom Bank, Bank Audi and Byblos Bank. They all carry 'D' ratings. The conflict with Israel has seriously affected Lebanon's economy, with the construction and tourism sectors at a virtual standstill. The deposit and debt ratings would not be affected.
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