Thursday, 02 December 2021 07:14 GMT

Lebanon's economy to expand 2.5 percent in 2018


(MENAFN) A report by Moody's Investors Service Research said that Lebanon's credit B3 rating with a stable outlook reflects challenges stemming from its very large public debt burden, which is among the largest in the world, according to annual credit analysis

"Lebanon's interest-to-revenue ratio of 42.9% is the highest of all sovereigns we rate," according to Moody's vice president and co-author of the report.

"Combined with an average term to maturity of about five years, this underscores the sovereign's very high sensitivity to further interest rate rises."

"Lebanon's public finance metrics are characterized by a very high debt burden and large fiscal deficits, which are a key credit challenge," the report indicated.

The ratings agent forecasts Lebanese economy will expand by 2.5% in 2018 and 3% in 2019.

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