VOL. XLI

No. 36

7-September-1998

LEBANON

Thomson Bankwatch Changes Its Outlook For Lebanon

Lebanon seems far removed from the current turmoil of the global markets, according tothe US ratings agency Thomson Bankwatch (TBW), which on 28 August affirmed its B+sovereign risk rating assigned to the country in late 1997 (MEES, 15 December 1997)and raised its outlook to positive. Thomson Bankwatch said that the outlook for theeconomy has improved due to "progress in reducing the fiscal deficit...