In its May 21, 2025, review, the international rating agency Moody’s kept Lebanon’s “C” rating, underscoring that bondholders’ losses since the March 2020 default are still projected to exceed 65%.
Moody’s highlighted Lebanon’s deepening economic, financial, and social crisis, which the new government under Prime Minister Nawaf Salam, in office since February 2025, has started to tackle. The currency’s major devaluation and inflation surge post-default led to de facto dollarization in daily transactions, supported by dollar inflows from tourism and remittances, as public services and fiscal operations collapsed.
For the full report, click on the below link:
Moody’s Maintains Lebanon’s ‘C’ Rating Amid Deepening Crisis and Stalled Reforms