Fitch withdraws ratings for Al-Mawarid Bank
As Al-Mawarid Bank (AMB) does not require ratings from Fitch Ratings anymore, the agency has withdrawn its long-term rating of B- and support rating of 4T assigned to the bank, reported a press release.
AMB is a Lebanese Bank established in 1980. Headquartered in Beirut with a total of ten branches distributed throughout the Lebanese territories, AMB is a commercial bank with a strong emphasis on retail operations. In 2000, Fitch awarded AMB a B+ rating for senior debt. — (menareport.com)
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