Moody’s says investment pledges for Lebanon is credit positive

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12-04-2018 | 11:18
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Moody’s says investment pledges for Lebanon is credit positive
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Moody’s says investment pledges for Lebanon is credit positive

Moody's Investors Service said on Thursday that the pledges reserved for investment over the next five years to overhaul the country’s ailing infrastructure and to lift its $53bn economy’s faltering growth, is credit positive.

 

"It [pledges] supports the resumption of public investment, while incentivizing fiscal reform implementation as a condition for disbursements," Moody's said.

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