Middle East Economic Survey

VOL. L

No 49

3-December-2007

Lebanon

S&P Puts Lebanon On Negative Watch Pending End Of Presidential Crisis

Standard & Poors (S&P) on 26 November said it had placed its B- long-term foreign and local currency sovereign ratings on Lebanon on CreditWatch with negative implications after the Lebanese parliament failed to select a new president by the constitutional deadline. The parliamentary vote was postponed until 30 November and before he left office, Emile...