“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)
