VOL. XLIII

No. 26

26-June-2000

LEBANON

Lebanons Eurobond Receives BB- Rating, Country Ratings Remain On CreditWatch

Standard & Poors (S&P) on 16 June assigned a BB-minus foreign currency rating to Lebanons forthcoming Eurobond issue, which is expected to amount to $400mn. In addition, Lebanons BB-minus long-term foreign currency issuer and senior unsecured credit ratings and its BB long-term local currency issue credit rating remain on CreditWatch with negative implications, where they...