VOL. XLV

No 15

15-April-2002

LEBANON

S&P Lowers Lebanon Long TermRatings To B- With Negative Outlook

Ratingsagency Standard & Poors (S&P) said 10 April it had lowered itslong-term ratings on Lebanon to single B minus with a negative outlook, fromsingle B, reflecting concerns over Lebanons mounting public debt burden andthe diminishing prospects that the government will be able to take strongfiscal adjustment measures and secure financial support from official donors inthe near term....