VOL. XLVI
No 42
20-October-2003
LEBANON
RATINGS
S&P Revises Outlook On Lebanons B-/C Ratings To Stable
Ratings agency Standard & Poors (S&P) on 10 October revised its outlook on Lebanon to stable from positive, but affirmed its sovereign B- long-term and C short-term ratings. The outlook revision reflects our view that the draft budget for 2004 implies a postponement in fiscal consolidation and hence delays the envisaged reduction in the governments debt burden, said S&Ps credit...
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