Lebanon (Republic of) Jan 12
Standard & Poors, January 2012
Abstract
Relatively strong level of economic development for the ratings and high level of international reserves. Stable, large, and growing resident and nonresident depositor base, which meets both the banks' and the government's funding needs. Strong and well-regulated financial system. Internal stability hinges on a fragile and divisive political system and developments in the region, particularly in Syria. Fiscal consolidation constrained by political challenges, in turn constraining the potential for reducing the high public debt burden. High degree of vulnerability to a balance of payments crisis; stock-flow discrepancies between the balance of payments and international investment position make the analysis of Lebanon's external position difficult. The ratings on the Republic of Lebanon are constrained by the country's high public debt burden,...
Companies mentioned in this report are: Lebanon (Republic of)
Action: Review
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Research Type: Full Analysis
Lebanon (Republic of)
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