Aug 19 2019 - 13:00
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Lebanon at risk of credit rating downgrade: Is there any plan to face this risk?

As Standard & Poor’s agency prepares to issue a new report on Lebanon’s credit rating Lebanon, news ,lbci ,أخبار Rating,Lebanon,As Standard & Poor’s agency prepares to issue a new report on Lebanon’s credit rating
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Lebanon News

As Standard & Poor’s agency prepares to issue a new report on Lebanon’s credit rating at the end of the week, President Michel Aoun declared Monday that Lebanon is set to start in October implementing a series economic and financial measures agreed upon during the Baabda financial meeting. He noted that he will personally overlook the implementation of these decisions, in cooperation with Speaker Nabih Berri and Prime Minister Saad Hariri.

 
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Concerns arose over the possibility that Standard & Poor’s downgrades its credit rating for Lebanon from B- to CCC, which means that Lebanon will be deemed unfit for investment.

 
 

For more details, watch the full report in the video above

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