S&P Global Ratings said on Friday that it lowered Lebanon’s long-term and short-term foreign and local currency sovereign credit ratings to ‘CCC/C’ from ‘B-/B’, citing rising financial and monetary risks. The outlook on Lebanon is negative, S&P said, specifying that it reflects the risk to Lebanon’s credit worthiness from rising ...
The Lebanese House Speaker Nabih Berri called for a speedy government creation in order to cope with the negative consequences of the current crisis, adding that the matter is turning to be more complicated. Speaker Berri expressed dissatisfaction with some banking authorities which are fabricating the circumstances of the ongoing ...
