VOL. XLIII

No. 34

21-August-2000

LEBANON

Fitch IBCA Affirms Lebanons Long-Term And Short-Term Foreign Currency Ratings

Fitch IBCA on 9 August affirmed Lebanons long-term and short-term foreign currency ratings of BB- and B respectively, as well as the long-term local currency rating of BB, according to the rating agencys press release. Fitch expressed continued concern about the fragility of public finances, a concern occasioned by recent economic data and a public sector debt burden at 135% of...