Middle East Economic Survey
Sovereign Ratings Raised For Lebanon By S&P On Political Stability, Fiscal Reform Prospects
Standard & Poor’s Ratings Services (S&P) announced on 22 December that it had raised its long and short term sovereign credit ratings for Lebanon to B/B from B-/C, with a positive outlook. The agency also raised its transfer and convertibility assessment on Lebanon to BB- from B+. An S&P statement said:...