S&P Revises Outlook On Lebanon
Ratings agency Standard & Poors (S&P) announced on 25 May that it had lowered its long-term local currency issuer credit rating on Lebanon to single B+ from BB-. At the same time S&P affirmed its B+ long-term foreign currency issuer credit and senior unsecured debt ratings and its B short-term credit rating on Lebanon. The outlook on the long-term ratings has been revised to negative from stable.
In a statement,...