News Lebanon Debt: How would a US debt default affect the Middle East?
President Joe Biden and House Republicans are currently deadlocked over the possibility of raising the debt ceiling, drawing the US closer to a potential default, which would have global consequences.
News Lebanon Debt: Change in tone in U.S. debt talks could prompt rating action before default -Moody's
By Davide Barbuscia NEW YORK (Reuters) - Rating agency Moody's expects the U.S. government will continue to pay its debts on time, but public statements from lawmakers during the debt ceiling negotiations could prompt a change in its assessments of the U.S. credit outlook before a potential default, a senior analyst said. Investors use credit ratings as one of the metrics to establish the risk
News Lebanon Debt: A dilemma for dozens of countries: Fund your schools and hospitals or pay your debt
There's a looming debt crisis in many lower income countries. Low interest rates a few years back started the cycle. Then came a series of once in a generation shocks. Is there a solution?
News Lebanon Debt: Lebanon to take steps to fix finance sector shortfalls -finance intel unit
Its statement cited "recent uninformed statements and analysis that Lebanon may be listed on the 'grey list' this week'." "Lebanon will have to take corrective measures to address the identified deficiencies and submit to MENAFATF a progress report during 2024," it added.
News Lebanon Debt: Lebanon needs ‘six to seven years’ to exit crisis
Lebanon needs “six to seven years” to emerge from the crisis it is currently in, the country’s president has said. In a televised interview on Friday, Michel Aoun said Lebanon had reached this point ...
News Lebanon Debt: Nightmare Scenario: A Default on Sovereign Debt
A Pathfinder Perspective On December 17, 2021, Fitch downgraded Sri Lanka’s rating to “CC”, the lowest rating prior to default. With external reserves at around $1.6 billion and almost $1 billion in ...
News Lebanon Debt: Slow progress as Lebanon awaits IMF economic deal
Lebanon is mired in an economic crisis branded by the World Bank as one of the worst in modern times, but officials are yet to strike an international bailout deal.
