Moody’s Upgrades Lebanon Government Bond Ratings

April 15, 2010 at 7:27 pm · Filed under Banks, Finance and tagged: Bond rating, International ratings agency, Lebanon, Moody's

International ratings agency Moody’s on Tuesday upgraded Lebanon’s government bond ratings by one notch to B1 from B2, citing the country’s resilient banking system and an improved political climate.

Moody’s said it was also upgrading foreign currency bank deposits to B1 from B2 and foreign currency bonds to Ba3 from B1.

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