VOL. XLVI

No 4

27-January-2003

LEBANON

Fitch Affirms Lebanons Sovereign Rating And Stable Outlook

Ratings agency Fitch has affirmed Lebanons long-term foreign currency and local currency ratings at B- with the outlook stable. Fitch said that it was strongly encouraged by Lebanons debt reduction initiatives and results to date, but that many risks to the countrys financial stability remained. Fitch estimates that the government debt burden stood at 161% of GDP at the end of 2002. Measures to bring...