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International rating agency S&P said Lebanese banks are well-regulated but warned their exposure to the public debt is increasing.But S&P noted that among the weaknesses of the Lebanese banking sector is its high exposure to sovereign debt.Lebanese banks hold a big chunk of the government Treasury bills, Eurobonds and certificates of deposit and this increases the risk of default payment in the future.S&P said it uses BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating.It added that relatively high interest rates coupled with well-regulated banks, have preserved the confidence of investors and depositors.The report did not foresee further economic deterioration this year.S&P did not see an end to the political bickering in Lebanon that sometimes delays economic reforms.
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