Complex Made Simple

Fitch: Lebanon banking classified as ‘low strength’

Fitch Ratings has classified Lebanon's banking sector among 28 banking systems in the "low strength" category on its Banking System Indicator, The Daily Star has reported. The BSI is a measure of intrinsic banking system quality or strength, derived from Fitch's long-standing Individual Ratings for banks, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. It deliberately excludes potential support from shareholders or governments since the objective is to highlight systemic weakness that might trigger the need for such support.