VOL. XLV

No 13

1-April-2002

LEBANON

Lebanons Ratings Remain Under Downwards Pressure Warns S&P

Lebanons ratings (currently B/negative/B) will remain under downward pressure until there is a fiscal correction sufficient to reverse the growth in the public debt burden, said ratings agency Standard and Poors (S&P) in a 22 March report entitled Fiscal Endgame in Lebanon. In order to reverse its debt, it is critical that Lebanons 2002 budget be implemented without slippages, significant...