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 | 02:48

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

Lebanon updates fuel prices

Recommended For You

US sanctions 16 individuals and companies linked to Hezbollah funding

Lebanon Economy

2026-03-20

US sanctions 16 individuals and companies linked to Hezbollah funding

Fuel prices surge across Lebanon

Lebanon Economy

2026-03-19

Fuel prices surge across Lebanon

Lebanon sees hike in fuel prices

Lebanon Economy

2026-03-17

Lebanon sees hike in fuel prices

Lebanon's fuel prices rise

Lebanon Economy

2026-03-13

Lebanon's fuel prices rise

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Around 40 killed in New Year fire at Swiss ski resort: Police

2026-01-01

Around 40 killed in New Year fire at Swiss ski resort: Police

Israel military says it has destroyed half of Iran's missile stockpiles

Middle East News

2026-03-01

Israel military says it has destroyed half of Iran's missile stockpiles

President Aoun condemns Israeli spraying of toxic chemicals over southern Lebanon

2026-02-04

President Aoun condemns Israeli spraying of toxic chemicals over southern Lebanon

Israel says military authorised to kill any high-ranking Iranian official in its sights

Middle East News

2026-03-18

Israel says military authorised to kill any high-ranking Iranian official in its sights

Videos

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Berri halts live broadcast amid parliament salary dispute

2026-01-29

Berri halts live broadcast amid parliament salary dispute

Most read

24 hours

7 days

Month

Lebanon-Israel talks stall amid ongoing fire: The details

1

Lebanon-Israel talks stall amid ongoing fire: The details

Israeli airstrikes hit Beirut's southern suburbs at dawn after evacuation warning

2

Israeli airstrikes hit Beirut's southern suburbs at dawn after evacuation warning

Hezbollah says clashes underway with Israeli forces in Khiam

3

Hezbollah says clashes underway with Israeli forces in Khiam

US, Israel attack Iran's Natanz nuclear facility

4

US, Israel attack Iran's Natanz nuclear facility

Mental health support during war: Helping children cope with fear and loss

5

Mental health support during war: Helping children cope with fear and loss

Minister Rasamny tours Beirut Airport, praises staff and ongoing operations

6

Minister Rasamny tours Beirut Airport, praises staff and ongoing operations

US allows 30-day sale of Iran oil at sea in bid to tame prices

7

US allows 30-day sale of Iran oil at sea in bid to tame prices

Iran's president says immediate cessation of US-Israeli aggression needed to end war

8

Iran's president says immediate cessation of US-Israeli aggression needed to end war

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