Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

Lebanon

Moodys Upgrades Lebanons Government Bond Rating

Moodys Investors Service on 13 April upgraded Lebanons government bond rating to B1 from B2. The rating action reflects a continuation of the trends that led Moodys to place Lebanons sovereign ratings on positive outlook in December 2009 sustained improvement in external liquidity, strengthened ability of the countrys resilient banking system to finance fiscal deficits, and an...