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New York, May 15, 2017 -- Lebanon's B2 government issuer rating with a negative outlook reflects the country's resilient liquidity position, very high debt burden and deteriorating fiscal deficit, Moody's Investors Service said in a report.
The annual update, "Government of Lebanon -- B2 Negative: Annual Credit Analysis", is now available on www.moodys.com. Moody's subscribers can access this report via the link at the end of this press release. The research is an update to the markets and does not constitute a rating action.
"The appointment of a new cabinet and renewed reform momentum support growth and investor confidence, but they are unlikely to prevent a material increase in the government's debt burden," said Mathias Angonin, a Moody's Analyst and co-author of the report.
The negative outlook on Lebanon's rating recognizes the delay in policy action that has led to a gradual deterioration in the fiscal balance and infrastructure.
Moody's expects Lebanon's real GDP growth to accelerate to 2.8% and 3.0% in 2017 and 2018, up from an annual average of 1.9% in 2011-16.
XS1313654623 da monitorare ?
New York, May 15, 2017 -- Lebanon's B2 government issuer rating with a negative outlook reflects the country's resilient liquidity position, very high debt burden and deteriorating fiscal deficit, Moody's Investors Service said in a report.
The annual update, "Government of Lebanon -- B2 Negative: Annual Credit Analysis", is now available on www.moodys.com. Moody's subscribers can access this report via the link at the end of this press release. The research is an update to the markets and does not constitute a rating action.
"The appointment of a new cabinet and renewed reform momentum support growth and investor confidence, but they are unlikely to prevent a material increase in the government's debt burden," said Mathias Angonin, a Moody's Analyst and co-author of the report.
The negative outlook on Lebanon's rating recognizes the delay in policy action that has led to a gradual deterioration in the fiscal balance and infrastructure.
Moody's expects Lebanon's real GDP growth to accelerate to 2.8% and 3.0% in 2017 and 2018, up from an annual average of 1.9% in 2011-16.
