Posted inLebanon

Lebanon’s tanking credit rating hits rock bottom

Moody’s global ratings agency has downgraded Lebanon to its lowest possible grade, “C”, predicting on Monday that international and local Eurobond holders will lose more than two-thirds of their investments. “The C rating reflects Moody’s assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed 65%,” the agency said, adding […]