Tag Archives: government collapse

Lebanese Banks get Bad Credit Rating Due To Government Collapse

Last Week, the Lebanese government fell after 11 ministers with Hezbollah leanings, resigned. Lebanon’s banks receive negative credit since Lebanon’s economic forecast for 2011 will fall with the Hariri government’s fall. Whether or not violence erupts, the joint factors of less economic growth together with market uncertainties would negatively affect Lebanese banks. Lebanese banks would… Continue Reading