Despite economic turmoil, Lebanon has never defaulted on its obligations, and officials have repeatedly ruled out any restructuring since the finance minister floated the idea earlier this year. Reuters
Despite economic turmoil, Lebanon has never defaulted on its obligations, and officials have repeatedly ruled out any restructuring since the finance minister floated the idea earlier this year. ReuteShow more

Economy

Lebanon's rating by Fitch cut deeper into junk amid declining remittance inflows

Lebanon relies on bank deposits, mainly from the millions of Lebanese living abroad, to keep its lenders stable and defend the dollar peg

Bloomberg

August 24, 2019