VOL. XLIV

No 41

8-October-2001

LEBANON

S&P Lowers Lebanons Long-TermSovereign Rating

Ratings agency Standard and Poors (S&P)announced on 28 September that it had lowered the long-term ratings of Lebanonto B from B+ while affirming its short-term ratings, including its B short-termissuer credit ratings. The outlook on the countrys ratings is negative. In astatement, S&P explained that the move reflects S&Ps view that the2002 draft budget, which aims to reduce the fiscal deficit to...