VOL. XLVI

No 1

6-January-2003

LEBANON

S&P Revises Outlook On Lebanon And Lebanese Banks To Stable

Standard & Poors on 18 December said it had revised its outlook on Lebanon to stable from negative, reflecting renewed government pledges of reform in the context of the recent Paris II deal with donors. The countrys B long-term and C short-term ratings remain unchanged. The risk of a financial crisis leading to a downgrade is now balanced by the governments renewed efforts to address the...