News & Credit Rating Announcements
29 November 2019 | Country: Lebanon
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Lebanon - Sovereign Ratings Downgraded; Outlook Remains Negative
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has downgraded Lebanon's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) to 'C+' from 'B-'. At the same time, CI Ratings has lowered the sovereign's Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) to 'C' from 'B'. The Outlook for the ratings remains Negative.
Attachments
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Rating Announcement (CRA)
PDF Download Available
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Sovereign Rating Report (Lebanon)
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