S&P boosts Lebanon

Standard & Poor's said it raised its long-term sovereign credit ratings on the Republic of Lebanon to B- from CCC+.

The outlook remains stable.

The short-term ratings were affirmed at C and the transfer and convertibility assessment was affirmed at B+, the agency said.

According to S&P, the ratings on Lebanon were raised to reflect the easing of tensions between the March 14th coalition, which dominated the government and the opposition that in May had taken Lebanon to the brink of civil conflict.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.