trending Market Intelligence /marketintelligence/en/news-insights/trending/2UFMhucjLDINOwWRH07GnA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P places Lebanon on CreditWatch with negative implications

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

S&P places Lebanon on CreditWatch with negative implications

S&P Global Ratings placed Lebanon's B-/B long- and short-term foreign- and local-currency sovereign credit ratings on CreditWatch with negative implications, citing the risk to the country's creditworthiness stemming from mounting fiscal, financial and monetary pressures.

The rating agency attributed the action to its view that falling currency inflows could further worsen fiscal and monetary pressures on the country while limiting the government's response to "pressing societal demands." The placement indicates a one in two chance that Lebanon's ratings could be downgraded depending on the government's actions to address such pressures and their effectiveness in restoring depositor confidence.

The agency expects Lebanon's central bank reserves to remain sufficient to pay off government debt in the near term, but it noted that risks to government creditworthiness have increased.

Lebanon's ratings reflect its substantial fiscal and external deficits and increasing public debt levels that are already high, said S&P Global Ratings, which projects net general government debt of 130% of GDP in 2019.

The rating agency forecasts the country's general government deficit to near 9.5% of GDP in 2019-2022 and its gross general government debt to climb to 157% of GDP by 2022 from about 140% in 2018.

S&P Global Ratings plans to resolve the CreditWatch placement in three months. The country's ratings can be affirmed if the government's reform measures prove effective in aiding growth and reducing debt levels over the medium term, the agency said.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.