Middle East Economic Survey

VOL. LI

No 50

15-Dec-2008

Lebanon

Moodys Upgrades Lebanons Sovereign Ratings To Positive

Moodys Investors Service on 11 December changed the outlook on Lebanons sovereign ratings to positive from stable. These ratings are the countrys B3 local and foreign currency government bond ratings, the B3 country ceiling for foreign currency bank deposits, and the B2 country ceiling for foreign currency bonds. The change in outlook was motivated by the proven resilience of the...