VOL. XLII
No. 24
14-June-1999
LEBANON
TFBW Revises Outlook For Lebanon To Stable From Positive
On 4 June Thomson Financial BankWatch (TFBW) affirmedLebanon痴 sovereign risk rating of B+ and revised the rating outlook back tostable from positive. The agency said that although the country痴 long-neededreforms are on the right track, there are clear signs of recession.
"Lebanon may be at a turning point in its economicpolicies, though it is still uncertain whether the government痴 new approachwill...
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