You are here: Home » Breaking News » Currency rating in Lebanon inc... » Lebanon
Breaking News - Lebanon
Send to friend
Discuss on CityscapeConnect.com
All RSS feeds
Currency rating in Lebanon increased
05 Jul 2009
The change means that Lebanon's outlook has been deemed to be "stable", reports Lebanese publication the Daily Star.
It claimed that this reflects the improved international liquidity position of Lebanon and the decline in short-term financing risks.
This was caused by an increase in investor confidence and the strong liquidity in the banking sector, the newspaper commented.
"The majority of foreign currency amortisation has already been covered through a Eurobond exchange in March and strong deposit inflows should enable the government to tap the market again later in the year," the agency said.
At the end of last month, the World Bank announced a downwards revision of its 2009 economic forecast for Lebanon.
It predicted that economic growth in the country is likely to be 2.5 per cent this year, rather than the 0.4 per cent it had forecast in the past.
Login
Find A Company
Weekly Email News Round-up
Related news by topic
Aldar reports revenue slump for H1 2010
29 Aug 2010
Abu Dhabi's leading property development investment and management company, Aldar Properties has ann...
Encouraging signs for the hotel investment market
29 Jul 2010
The first half of 2010 has demonstrated that the EMEA hotel investment market is starting to pick ...
Major contracts awarded for key real estate projects
29 Jul 2010
Al-Futtaim Engineering has won major contracts worth AED 83 million for supply and installation of l...