On March 07th 2020, the Lebanese government announced that its does not intend to pay the $1.2B worth of Eurobonds maturing on March 09th. The official statement emphasized on the country’s dwindling ... read more
On Dec. 18th 2019, Standard & Poors (S&P) Global Ratings lowered its foreign and local currency issuer-credit ratings on the three Lebanese banks: Bank Audi, Blom Bank, and Bankmed to ... read more
In its report issued on Dec. 12th 2019, Fitch Ratings explains the mounting financial pressure on Lebanon, such that, “a government debt restructuring or default is probable owing to acute political ... read more
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