VOL. XLI

No. 49

7-December-1998

LEBANON

And Affirms Lebanons FC/LC Ratings And Negative Outlook

S&P affirmed on 1 December Lebanons BB long-term local andBB- long-term foreign currency issuer credit and senior unsecured ratings. The ratingsagency also affirmed its B short-term local and foreign currency ratings. These ratingsare supported by Lebanons strong net external creditor position, the continuedfinancial support of the countrys resident and expatriate nationals, as reflected inthe...