LBCI

S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy

Lebanon Economy

17-02-2024 | 01:48

Share

Share

S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy

On Friday, Standard & Poor's (S&P) Global Ratings affirmed its "SD/SD" long -and short-term foreign currency ratings on Lebanon.

"We also affirmed our 'CC/C' long- and short-term local currency ratings on the sovereign. The outlook on the long-term local currency rating remains negative. The transfer and convertibility assessment on Lebanon remains 'CC,'" it said.

The agency also highlighted: "In our view, spillover effects from the war between Israel and Hamas will keep domestic security risks heightened and weigh on economic activity."

It also pointed out that the ongoing political deadlocks keep on undermining the progress of Lebanon's reforms and government debt restructuring after its default on commercial debt about four years ago.

Lebanon News

Lebanon Economy

Lebanon

Standard & Poor's (S&P)

Global Ratings

Currency

Israel

Hamas

War

Economy

Next

Finance minister signs decree granting August bonus to military personnel

Recommended For You

Lebanon's fuel update: Gasoline and gas remain steady, diesel prices fall

Lebanon Economy

2025-11-28

Lebanon's fuel update: Gasoline and gas remain steady, diesel prices fall

Lebanon's fuel prices slightly increase

Lebanon Economy

2025-11-25

Lebanon's fuel prices slightly increase

Lebanon's fuel prices increase

Lebanon Economy

2025-11-21

Lebanon's fuel prices increase

Lebanon steps up port security: High-tech scanners aim to block smuggling, strengthen ports

News Bulletin Reports

2025-11-20

Lebanon steps up port security: High-tech scanners aim to block smuggling, strengthen ports

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Diplomatic momentum: UN praises Lebanon's negotiation approach, Lebanon pushes for international guarantees

News Bulletin Reports

12:50

Diplomatic momentum: UN praises Lebanon's negotiation approach, Lebanon pushes for international guarantees

Hamas, Islamic Jihad say to hand over Gaza hostage body at 1800 GMT

Israel-Gaza War Updates

2025-11-13

Hamas, Islamic Jihad say to hand over Gaza hostage body at 1800 GMT

Hezbollah's Naim Qassem criticizes inclusion of civilian in mechanism talks

09:08

Hezbollah's Naim Qassem criticizes inclusion of civilian in mechanism talks

PM Salam says Lebanon needs international support force following end of UNIFIL's mandate

08:33

PM Salam says Lebanon needs international support force following end of UNIFIL's mandate

Videos

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

2025-12-01

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

Pope Leo XIV moved by youth turnout in Bkerke: Video

2025-12-01

Pope Leo XIV moved by youth turnout in Bkerke: Video

Pope Leo leaves for Istanbul—Video

Middle East News

2025-11-27

Pope Leo leaves for Istanbul—Video

Pope Leo arrives at Turkey's Presidential Palace—Video

Middle East News

2025-11-27

Pope Leo arrives at Turkey's Presidential Palace—Video

Pope Leo visits Mustafa Kemal Ataturk's mausoleum—Video

Middle East News

2025-11-27

Pope Leo visits Mustafa Kemal Ataturk's mausoleum—Video

Most read

24 hours

7 days

Month

Hezbollah's Naim Qassem criticizes inclusion of civilian in mechanism talks

1

Hezbollah's Naim Qassem criticizes inclusion of civilian in mechanism talks

PM Salam says Lebanon needs international support force following end of UNIFIL's mandate

2

PM Salam says Lebanon needs international support force following end of UNIFIL's mandate

President Aoun tells Security Council delegation Lebanon is committed to arms-control plan and open to post-UNIFIL options

3

President Aoun tells Security Council delegation Lebanon is committed to arms-control plan and open to post-UNIFIL options

US envoy Ortagus welcomes expanded civilian role in ceasefire-monitoring mechanism meetings

4

US envoy Ortagus welcomes expanded civilian role in ceasefire-monitoring mechanism meetings

CENTCOM: Syria intercepted multiple weapons shipments bound for Hezbollah

5

CENTCOM: Syria intercepted multiple weapons shipments bound for Hezbollah

Dual-front strategy: Israel intensifies strikes in Lebanon while courting Syria diplomatically

6

Dual-front strategy: Israel intensifies strikes in Lebanon while courting Syria diplomatically

As Lebanon's gridlock continues, Syria accelerates its own financial reset

7

As Lebanon's gridlock continues, Syria accelerates its own financial reset

Speaker Berri to Security Council envoys: Stability in South Lebanon requires full Israeli compliance with UN Resolution 1701

8

Speaker Berri to Security Council envoys: Stability in South Lebanon requires full Israeli compliance with UN Resolution 1701

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More