The formation of the government in Lebanon should improve investor confidence, which will support the government’s funding needs in 2019, the Standard & Poor’s Financial Rating Agency said.
The agency maintained Lebanon’s sovereign credit rating at (-B) and lowered the outlook from stable to negative, Reuters reported.
In its report to review Lebanon’s sovereign debt rating, Standard & Poor’s predicted that conventional growth engines in Lebanon such as tourism, real estate and construction will remain weak.
The agency also predicted that external security risks would remain high in Lebanon.
In January, Moody’s downgraded Lebanon’s credit rating to CAA1 and adjusted the outlook to a stable negative.
The agency then spoke about the increasing pressure on liquidity in # Lebanon , noting that the Government of Lebanon in response to the increased risk # Alastaqrar_almala will include debt re – scheduling, as may constitute a backward default, under the definition of # Moody ‘s itself
BY ALARABIYA NEWS | GOOGLE TRANSLATE
