LBCI

S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy

Lebanon Economy

17-02-2024 | 02:48

Share

Share

S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy

On Friday, Standard & Poor's (S&P) Global Ratings affirmed its "SD/SD" long -and short-term foreign currency ratings on Lebanon.

"We also affirmed our 'CC/C' long- and short-term local currency ratings on the sovereign. The outlook on the long-term local currency rating remains negative. The transfer and convertibility assessment on Lebanon remains 'CC,'" it said.

The agency also highlighted: "In our view, spillover effects from the war between Israel and Hamas will keep domestic security risks heightened and weigh on economic activity."

It also pointed out that the ongoing political deadlocks keep on undermining the progress of Lebanon's reforms and government debt restructuring after its default on commercial debt about four years ago.

Lebanon News

Lebanon Economy

Lebanon

Standard & Poor's (S&P)

Global Ratings

Currency

Israel

Hamas

War

Economy

Next

Lebanon updates fuel prices

Recommended For You

President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries

Lebanon Economy

05:54

President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries

Another chance: Can Lebanon's Parliament pass key financial laws before IMF meetings in Washington?

News Bulletin Reports

2025-03-29

Another chance: Can Lebanon's Parliament pass key financial laws before IMF meetings in Washington?

Ahead of talks with IMF and World Bank: Can new BDL governor Karim Souaid deliver solutions?

News Bulletin Reports

2025-03-28

Ahead of talks with IMF and World Bank: Can new BDL governor Karim Souaid deliver solutions?

Lebanon's fuel prices increase

Lebanon Economy

2025-03-28

Lebanon's fuel prices increase

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Zelensky slams 'deliberate' Russian strikes on Ukrainian energy sites

04:53

Zelensky slams 'deliberate' Russian strikes on Ukrainian energy sites

Saudi FM in Syria for first visit since Assad's ouster: AFP

Middle East News

2025-01-24

Saudi FM in Syria for first visit since Assad's ouster: AFP

New Zealand rethinks opposition to deep-sea mining

2025-02-11

New Zealand rethinks opposition to deep-sea mining

Lebanon's Environment Minister participates in global dialogue on science diplomacy at UNESCO

02:16

Lebanon's Environment Minister participates in global dialogue on science diplomacy at UNESCO

Videos

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

Saad Hariri holds series of diplomatic and religious meetings in Beirut

2025-02-13

Saad Hariri holds series of diplomatic and religious meetings in Beirut

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

2025-02-13

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

2025-02-10

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

Most read

24 hours

7 days

Month

Aid oversight: Why are the US, Saudi Arabia, and IMF focused on Lebanon's Reconstruction Council leadership?

1

Aid oversight: Why are the US, Saudi Arabia, and IMF focused on Lebanon's Reconstruction Council leadership?

Spanish media: Three arrested in Barcelona for supplying drone parts to Hezbollah

2

Spanish media: Three arrested in Barcelona for supplying drone parts to Hezbollah

A shift in targeting policy: Israel links Beirut strikes to global threats

3

A shift in targeting policy: Israel links Beirut strikes to global threats

Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days

4

Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days

Diplomatic pressure builds on Lebanon to set Hezbollah disarmament timeline, sources tell LBCI

5

Diplomatic pressure builds on Lebanon to set Hezbollah disarmament timeline, sources tell LBCI

Lebanon's Public Works Minister: Beirut Airport remains well-secured

6

Lebanon's Public Works Minister: Beirut Airport remains well-secured

Lebanese army shuts down two illegal border crossings to curb smuggling

7

Lebanese army shuts down two illegal border crossings to curb smuggling

Israeli army conducts sweeping operation near Meiss El Jabal, South Lebanon: NNA

8

Israeli army conducts sweeping operation near Meiss El Jabal, South Lebanon: NNA

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More