Correction: Lebanon's Foreign Currency Ratings Lowered to 'SD'

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered Lebanon's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) to 'SD' from 'C-' and 'C', respectively. At the same time, CI Ratings has affirmed the sovereign's Long-Term Local Currency Rating (LT LCR) at 'C-' and Short-Term Local Currency Rating (ST LCR) at 'C'. The Outlook for the LT LCR remains Negative.

CI has also affirmed the 'CC' foreign currency issue ratings and Negative Outlook assigned to Lebanon's USD1.25bn eurobond maturing in 2027, USD1bn eurobond due in 2032, and USD0.75bn eurobond due in 2037.

Attachments

• Rating Announcement (CRA)
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