Fall in Lebanese public debt to GDP ratio spurs rating upgrades
Fall in Lebanese public debt to GDP ratio spurs rating upgrades
BEIRUT: Fitch Ratings Wednesday upgraded Lebanon’s long-term foreign and local currency Issuer Default Ratings (IDRs) to “B” from “B-.” The outlooks on both ratings are stable. Fitch has also upgraded Lebanon’s country ceiling to “B” from “B-” and affirmed its short-term foreign currency IDR at “B.” “The upgrade reflects the significant decline
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