Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

lebanon

Lebanon Assigned B- Foreign Currency Senior Unsecured Debt Rating, Says S&P

Standard & Poor's (S&P) on 15 June assigned its B- foreign currency senior unsecured debt rating to Lebanons upcoming US dollar-denominated notes, issued in two tranches due in 2008 and 2013, respectively, under the sovereigns global Medium Term Note (MTN) program. The issues aim to secure the Treasurys foreign financing needs and lengthen the...