Home / Business / Moody’s declares Lebanon ‘credit positive’

Moody’s declares Lebanon ‘credit positive’

Lebanon’s possible pursuit of assistance from the International Monetary Fund and World Bank is credit positive and reduces the risk of extreme macroeconomic instability, Moody’s said on Monday.

“Without technical and financial support from the IMF, World Bank and international donors, a scenario of extreme macroeconomic instability – in which a debt restructuring occurs with an abrupt detribalization of the currency peg, resulting in very large losses for private investors – is increasingly likely,” the ratings agency said in a note.

Caretaker prime minister Saad al-Hariri discussed on Thursday the possibility of technical assistance from the IMF and World Bank in drawing up a plan to rescue the economy from a worsening crisis.

Source: Reuters

Check Also

Israel claims sovereignty over its West Bank settlements

Israeli Defence Minister Naftali Bennett said on Wednesday that Israel should move to establish sovereignty …

One comment

  1. Angel NicGillicuddy

    You don’t have to remain under
    The Evil Spell.
    You would be so much better
    asking President Trump
    to declare Demurrage
    on The US dollar.
    Otherwise,
    you fall for the trick
    again
    and perpetuate
    the disastrous
    harmful
    Hoardablel Money System.
    I am at your service,
    Angel NicGillicuddy
    ShiBboLeTh

Leave a Reply

Your email address will not be published. Required fields are marked *