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Banque Bemo’s Aa2.lb rating on review at Moody’s

Moody's Investors Service has said that Lebanon-headquartered Banque Bemo's 'Aa2.lb' long-term national scale rating is on review for a possible downgrade. The ratings agency said Bemo's profitability is being challenged by lower interest rates combined with Lebanese banks' need to maintain high liquidity buffers. "Failure to improve profitability on a risk-adjusted basis would exert pressure on the bank's ratings." Moody's said in a statement.