Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

LEBANON

Moodys Lowers Lebanons Ratings After Hariris Assassination

Moodys Investors Service on 24 March lowered Lebanons B2 country ceilings for long-term foreign currency bonds and bank deposits to B3, following the deterioration in the countrys political and economic environment in the aftermath of the assassination of former Prime Minister Rafiq al-Hariri on 14 February. The B2 rating for the governments long-term foreign currency bonds...