News & Credit Rating Announcements
12 March 2020 | Country: Lebanon | Bank: Byblos Bank SAL
Sign up here as a Member to view the CRA or to purchase the related report.
Byblos Bank - CFS Lowered to 'c+' and FCRs Maintained at 'SD'
Overview
Capital Intelligence Ratings (CI Ratings or CI) has revised the Core Financial Strength (CFS) rating of Byblos Bank (Byblos) to 'c+' from 'b-'. This adjustment mainly reflects the continuing deterioration of sovereign credit risk and the expected impairment (as is the case with all Lebanese banks) of the Bank's exposure to all forms of foreign and local currency Lebanese sovereign debt. Other than eurobonds, the Bank's sovereign exposure includes placements and CDs with Banque du Liban (BdL), as well as local currency T-bills.
Attachments
-
Rating Announcement (CRA)
PDF Download Available
Sign up here as a Member to view the CRA or to purchase the related report.