VOL. XLIV
No 32
6-August-2001
LEBANON
Confidence In Lebanons Debt Service Capacity Falters,Eurobond Ratings Downgraded
Confidence in Lebanons abilityto avoid default on either its domestic or international debt is beginning tofade as the countrys debt burden grows while reform measures continue toappear inadequate and tardy, despite the successful issuance (andover-subscription) of yet another Lebanese eurobond (MEES, 9 July). TheLebanese Ministry of Finance announced on 26 July that it had...
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