VOL. XLII

No. 36

6-September-1999

LEBANON

Moodys Assigns B1 Rating To Lebanons Local Currency Debt

Moodys Investors Service has assigned a first-time ratingof B1 to the domestic currency long-term debt issued by Lebanon. The rating isthe same as that previously assigned to Lebanons foreign currency countryceiling and to the governments foreign-currency bonds. "A key element inMoodys equation of Lebanons foreign currency and domestic currency creditrisk is the lack of segmentation within a...