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...