VOL. XLIV

No. 07

12-February-2001

LEBANON

Fitch IBCA Downgrades LebanonsLong-term Foreign Currency Rating To B+

Fitch IBCA ratings agencydowngraded Lebanons long-term foreign currency rating to B+ from BB- on 2February and its long-term local currency rating to B+ from BB, while at thesame time changing the countrys outlook to stable from negative. According toan official statement, the downgrade was prompted by the deterioration of thegovernments fiscal imbalance and escalating public debt the...