Lebanon Rated Stable
Lebanon Rated Stable

Lebanon Rated Stable

Lebanon Rated Stable

Fitch Ratings kept Lebanon’s credit status at ‘B-’ with a stable outlook on Friday, a week after Moody’s downgraded the country over concerns about its very high debt-to-GDP ratio, Reuters reported. Fitch said its rating reflected Lebanon’s very weak public finances and high political risk, as well as its large foreign reserves and strong banking system. Meanwhile, S&P Global Ratings has also kept its foreign and local currency sovereign credit rating for Lebanon unchanged. “Lebanon continues to show modest progress in normalizing its divided political system, as evidenced by the adoption of the new electoral law in June this year,” said S&P in its rating announcement. “Still, we anticipate that the general government debt burden will remain very high through 2020.” The rating agency kept its B-/B score for Lebanon unchanged, and maintained its stable outlook on the country, saying that inflows of deposits will remain steady over the next 12 months to support the government’s borrowing needs and external deficit.

Short URL : https://goo.gl/vZLjXL
  1. https://goo.gl/BtjPLn
  • https://goo.gl/D3uxBn
  • https://goo.gl/GdHAcp
  • https://goo.gl/7BU5Jw
  • https://goo.gl/9dJRzz

You can also read ...

Norway CB to Develop Digital Currency
Norway’s central bank, Norges Bank, is considering developing...
Higher oil prices mean more money in the oil industry’s pockets and that will spillover into wages, jobs and tax revenue.
Canada’s economy continues to show signs of strength, but not...
Exports of cloth, cotton yarn and  value-added textiles make up almost 60% of the total exports.
Businessmen in Pakistan have expressed concern over the...
Fraud, Money-Laundering on the Rise in Singapore
Over a third of Singapore businesses said they were hit by...
Corporate Japan Learns to Boost Profitability
Japanese listed companies continue to improve their ability to...
Opening up the automobile sector to foreign firms put an end to a “protection period” for domestic brands.  The picture shows Tesla enters China’s domestic car brands.
The constant widening of opening up in China's manufacturing...
Fake Ramadan Discounts in Sharjah
Commercial outlets and shops with fake promotional offers and...
Vietnam Trade, Service Sectors Need Revision
The development of wholesale and retail infrastructure in...

Add new comment

Read our comment policy before posting your viewpoints