Middle East Economic Survey

VOL. LIII

No 49

6-Dec-2010

Lebanon

S&P Affirms Lebanon Long And Short Term Ratings

Standard & Poors Ratings Agency (S&P) affirmed on 26 November its B/B long and short term sovereign credit ratings for Lebanon, reflecting the agencys view of the countrys continuing commitment to fiscal adjustment. S&P also announced the affirmation of the transfer and convertibility (T&C) assessment at B/B- as well as the recovery rating of 4. The affirmation...