Fitch rates Lebanon notes B-

Fitch Ratings said it assigned B- ratings to the new notes issued by Lebanon under its global medium-term note program that was launched in 1999 and updated in 2010.

The notes issued include $1.25 billion 6.85% notes due March 23, 2027, $1 billion 7% notes due March 23, 2032 and $750 million 7¼% notes due March 23, 2037.

The ratings are in line with Lebanon's long-term foreign-currency issuer default rating of B-. The ratings also are sensitive to any changes in Lebanon's long-term foreign-currency issuer default rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.