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A Cautious Upgrade on the Path to Recovery: What Does Raising Lebanon's Rating Mean?
Summary by dailynewslb.com
1 Articles
1 Articles
Daoud Rammal wrote in the Kuwaiti newspaper Al-Anbaa: Standard & Poor's decision on the 13th of this month to raise Lebanon's long-term sovereign credit rating in local currency from "CCC" to "CCC+" with a stable outlook, and to maintain the short-term rating at "C," constitutes a significant development in the Lebanese financial landscape, even though it remains within the very high-risk category. Conversely, the agency maintained the foreign c…
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