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Lebanon’s outlook raised to ‘Stable’

: Monday, April 14 - 2014 @ 01:20

Standard & Poor’s has raised to ‘stable’ its outlook for Lebanon, citing the country’ steady financial system and deposit inflows, but reaffirmed its B-/B long- and short-term foreign and local currency sovereign credit ratings, Reuters has reported. This comes after politicians ended a year of deadlock in March and agreed on the formation of a new government led by Prime Minister Tammam Salam. Lebanon’s finance minister Ali Hassan Khalil welcomed the revised outlook as a “positive indicator” for Lebanon. “The government intends to carry out a package of measures to promote confidence and maintain progress,” he told the news service.

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Monday, April 14- 2014 @ 1:20 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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