“Moody's” Affirms Lebanon's Rating at "C" and Changes Outlook to Stable

  • Beirut, Lebanon
  • 14 December 2023
1

“Moody's” Investors Service affirmed Lebanon's credit rating at "C", with the outlook changed to stable.

“Moody's” indicated that Lebanon's stable outlook is a reflection of its expectations that the rating will remain at "C" for the foreseeable future. The continued political vacuum increases the risk of a long-term economic, financial, and social crisis.

According to “Moody's”, Lebanon's further intensification in the Israel-Hamas conflict would partially squander recent gains in the tourism sector.

Source (Al-Arabiya.net Website, Edited)

Related News

Get an annual subscription in Al-Omran Al-Arabi Magazine

SUBSCRIBE NOW