Rating Outlook Lebanon Compared

22 August 2019, Bachir El Nakib

Lebanon - Credit Rating

Standard & Poor's credit rating for Lebanon stands at B- with negative outlook. Moody's credit rating for Lebanon was last set at Caa1 with stable outlook. Fitch's credit rating for Lebanon was last reported at B- with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Lebanon thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Lebanon as reported by major credit rating agencies.

Lebanon’s consumer price inflation declined to 1.45 percent year-on-year in July 2019 from 1.69 percent in the previous month. It was the lowest inflation rate since October 2016, as cost slowed for food and non-alcoholic beverages (0.63% vs 2.36% in June); housing & utilities (0.03% vs 0.10%); restaurants & hotels (1.23% vs 1.49%); recreation & culture (6.72% vs 7.10%), and alcoholic beverages & tobacco (0.54% vs 0.74%). Additionally, prices dropped further for health (-1.94% vs -1.30%) and communication (-0.65% vs -0.49%). Meantime, prices advanced at a faster pace for miscellaneous goods & services (2.39% vs 2.15%) and furnishings & household equipment (5.95% vs 5.42%) and inflation was steady for education (at 5.08%). Also, cost of transport fell less (-1.37% vs -1.54%). On a monthly basis, consumer prices decreased 0.33 percent, following a 0.84 percent fall in June. Inflation Rate in Lebanon averaged 2.68 percent from 2008 until 2019, reaching an all time high of 11.10 percent in October of 2012 and a record low of -4.67 percent in September of 2015.

 

The total population in Lebanon was estimated at 6.1 million people in 2017, according to the latest census figures. Looking back, in the year of 1960, Lebanon had a population of 1.8 million people.

This page includes the government debt credit rating for Lebanon as reported by major credit rating agencies.

 

 

Agency

Rating

Outlook

Date

S&P

B-

negative

Mar 01 2019

Moody's

Caa1

stable

Jan 21 2019

Fitch

B-

negative

Dec 18 2018

Moody's

B3

negative

Dec 13 2018

Moody's

B3

stable

Aug 25 2017

S&P

B-

stable

Sep 02 2016

Fitch

B-

stable

Jul 14 2016

S&P

B-

negative

Sep 11 2015

Moody's

B2

negative

Dec 16 2014

S&P

B-

stable

Apr 11 2014

Fitch

B

negative

Dec 19 2013

S&P

B-

negative

Nov 01 2013

Moody's

B1

negative

May 14 2013

S&P

B

negative

May 28 2012

Fitch

B

stable

Nov 21 2011

S&P

B

stable

Jan 18 2011

Moody's

B1

stable

Apr 13 2010

Fitch

B

stable

Mar 31 2010

S&P

B

positive

Dec 22 2009

Moody's

B2

positive

Dec 18 2009

Moody's

B2

stable

Apr 01 2009

Moody's

B3

positive

Dec 11 2008

S&P

B-

stable

Aug 05 2008

Moody's

B3

stable

Mar 25 2008

S&P

CCC+

stable

Jan 31 2008

Moody's

B3

negative

Nov 21 2006

S&P

B-

negative

Sep 11 2006

Fitch

B-

stable

Jul 14 2006

Fitch

B-

positive

Nov 18 2005

Moody's

B3

stable

Mar 24 2005

S&P

B-

stable

Oct 10 2003

S&P

B-

positive

Apr 24 2003

S&P

B-

stable

Dec 18 2002

S&P

B-

negative

Apr 10 2002

S&P

B

negative

Sep 28 2001

Fitch

B-

stable

Sep 21 2001

Moody's

B2

negative

Jul 30 2001

S&P

B+

negative

May 25 2001

Fitch

B+

stable

Feb 02 2001

Fitch

BB-

negative

Sep 21 2000

S&P

B+

stable

Sep 18 2000

Fitch

BB-

n/a

Jun 04 1998

Fitch

BB

negative watch

Feb 11 1998

S&P

BB-

negative

Feb 05 1998

Fitch

BB

n/a

Feb 26 1997

S&P

BB-

stable

Feb 26 1997

Moody's

B1

stable

Feb 26 1997

 

 

 

S&P

Moody's

Fitch

DBRS

TE

Albania

B+

B1

   

35

Andorra

BBB 

 

BBB+

 

62

Angola

B- 

B3

 

26

Argentina

B- 

B2 

CCC 

B

30

Armenia

 

B1 

B+ 

 

35

Aruba

BBB+

 

BBB- 

 

60

Australia

AAA

Aaa

AAA

AAA

100

Austria

AA+

Aa1

AA+ 

AAA

96

Azerbaijan

BB+

Ba2

BB+

 

50

Bahamas

BB+

Baa3

   

52

Bahrain

B+

B2

BB-

 

35

Bangladesh

BB-

Ba3

BB-

 

40

Barbados

SD

Caa1

   

15

Belarus

B

B3

B

 

26

Belgium

AA

Aa3

AA-

AA (high)

88

Belize

B-

B3

   

20

Benin

B+

B2 

 

32

Bermuda

A+ 

A2

N/A

 

78

Bolivia

BB-

Ba3

BB- 

 

40

Bosnia and Herzegovina

B3

   

27

Botswana

A-

A2

   

72

Brazil

BB-

Ba2

BB-

BB (low)

42

Bulgaria

BBB- 

Baa2

BBB 

 

58

Burkina Faso

B

     

25

Cambodia

N/A

B2

   

30

Cameroon

B2

B

 

30

Canada

AAA

Aaa

AAA

AAA

99

Cape Verde

B

 

B

 

30

Cayman Islands

 

Aa3

   

85

Chile

A+

A1

A

N/A

80

China

A+

A1

A+

A (high) 

80

Colombia

BBB-

Baa2

BBB 

BBB

58

Congo

CCC+ 

Caa1

   

20

Costa Rica

B+ 

B1 

B+ 

 

38

Croatia

BBB-

Ba2 

BBB- 

 

50

Cuba

 

Caa2

   

15

Cyprus

BBB-

Ba2

BBB-

BBB (low)

50

Czech Republic

AA-

A1 

AA-

 

81

Denmark

AAA

Aaa

AAA

AAA

100

Dominican Republic

BB-

Ba3

BB-

 

38

Ecuador

B-

B3 

B-

 

25

Egypt

B

B2

B+

 

30

El Salvador

B-

B3

B-

 

23

Estonia

AA-

A1

AA-

AA (low)

81

Ethiopia

B

B1

B

 

31

European Union

AA

Aaa

AAA

AAA

98

Fiji

BB-

Ba3

   

35

Finland

AA+

Aa1

AA+ 

AA (high)

96

France

AA

Aa2 

AA

AAA

92

Gabon

N/A

Caa1 

B

 

26

Georgia

BB- 

Ba2

BB

 

43

Germany

AAA

Aaa

AAA

AAA

100

Ghana

B

B3

B

 

26

Greece

B+ 

B1

BB-

BB (low)

35

Grenada

SD 

       

Guatemala

BB-

Ba1

BB 

 

45

Honduras

BB-

B1

   

35

Hong Kong

AA+

Aa2

AA+

 

95

Hungary

BBB

Baa3

BBB

 

56

Iceland

A

A3 

A

 

73

India

BBB-

Baa2

BBB-

BBB

56

Indonesia

BBB

Baa2

BBB

 

58

Iraq

B-

Caa1

B-

 

25

Ireland

A+

A2

A+

A (high)

76

Isle of Man

N/A

Aa2

   

92

Israel

AA-

A1 

A+

 

80

Italy

BBB 

Baa3

BBB 

BBB (high)

62

Ivory Coast

 

Ba3

B+

 

38

Jamaica

B3 

B+

 

28

Japan

A+ 

A1

A

A (high)

77

Jordan

B+

B1

BB-

 

35

Kazakhstan

BBB-

Baa3 

BBB

 

56

Kenya

B+

B2

B+

 

35

Kuwait

AA

Aa2

AA

 

90

Kyrgyzstan

NR

B2

   

30

Latvia

A

A3

A-

A (low) 

71

Lebanon

B- 

Caa1

B- 

 

23

Lesotho

   

B

 

35

Liechtenstein

AAA

     

100

Lithuania

A

A3

A- 

A

71

Luxembourg

AAA

Aaa

AAA

AAA

100

Macau

 

Aa3

AA

 

85

Macedonia

BB-

 

BB+

 

42

Malaysia

A-

A3

A-

 

66

Maldives

 

B2 

B+

 

32

Malta

A- 

A2

A+ 

A (high)

73

Mauritius

 

Baa1

   

65

Mexico

BBB+ 

A3 

BBB

BBB (high)

65

Moldova

 

B3

   

25

Mongolia

B

B3

B

 

26

Montenegro

B+

B1 

   

35

Montserrat

BBB-

     

55

Morocco

BBB- 

Ba1

BBB-

 

53

Mozambique

SD

Caa3

RD

 

12

Namibia

 

Ba1 

BB+ 

 

50

Netherlands

AAA

Aaa

AAA

AAA

100

New Zealand

AA 

Aaa

AA

 

93

Nicaragua

B- 

B2 

B- 

 

26

Nigeria

B

B2

B+

 

31

Norway

AAA

Aaa

AAA

AAA

99

Oman

BB 

Ba1 

BB+

 

48

Pakistan

B-

B3 

B-

 

26

Panama

BBB+

Baa1

BBB

 

61

Papua New Guinea

B

B2

   

30

Paraguay

BB

Ba1

BB+

 

46

Peru

BBB+

A3

BBB+

N/A

65

Philippines

BBB+

Baa2

BBB

 

60

Poland

A-

A2

A-

A

71

Portugal

BBB

Baa3 

BBB 

BBB 

58

Puerto Rico

     

0

Qatar

AA-

Aa3

AA-

 

85

Republic of the Congo

B-

Caa2

CCC

 

20

Romania

BBB-

Baa3

BBB-

 

55

Russia

BBB-

Baa3

BBB

 

55

Rwanda

B+

B2

B+

 

31

San Marino

   

BBB- 

 

55

Saudi Arabia

A-

A1

A+

 

78

Senegal

B+ 

Ba3

   

37

Serbia

BB 

Ba3

BB

 

41

Seychelles

   

BB

 

40

Singapore

AAA

Aaa

AAA

AAA

98

Slovakia

A+

A2 

A+

A (high)

78

Slovenia

AA-

Baa1 

A

A

73

Solomon Islands

 

B3

   

25

South Africa

BB

Baa3

BB+ 

 

50

South Korea

AA

Aa2

AA-

 

86

Spain

A- 

Baa1

A-

A

68

Sri Lanka

B

B2

B

 

31

St Vincent and the Grenadines

 

B3

   

25

Suriname

B

B2

B- 

 

28

Swaziland

 

B2 

     

Sweden

AAA

Aaa

AAA

AAA

99

Switzerland

AAA

Aaa

AAA

AAA

100

Taiwan

AA-

Aa3

AA-

 

83

Tajikistan

B-

B3 

   

25

Tanzania

 

B1 

     

Thailand

BBB+

Baa1 

BBB+ 

 

65

Togo

B

       

Trinidad and Tobago

BBB

Ba1

   

57

Tunisia

N/A

B2 

B+ 

 

31

Turkey

B+

B1 

BB- 

BB (high) 

38

Uganda

B

B2

B+

 

33

Ukraine

B-

Caa1

B-

 

21

United Arab Emirates

AA

Aa2

AA

 

90

United Kingdom

AA 

Aa2

AA 

AAA

92

United States

AA+

Aaa

AAA

AAA

98

Uruguay

BBB

Baa2

BBB- 

BBB (low)

55

Uzbekistan

BB-

B1

BB-

 

40

Venezuela

SD

WR

RD

 

11

Vietnam

BB

Ba3

BB 

 

43

Zambia

B- 

Caa2 

CCC 

 

30

 Export API

 

Ratings 

TE

S&P

Moody's

Fitch

DBRS

Description

100

AAA

Aaa

AAA

AAA

Prime

95

AA+

Aa1

AA+

AA (high)

High grade

90

AA

Aa2

AA

AA

85

AA-

Aa3

AA-

AA (low)

80

A+

A1

A+

A (high)

Upper medium grade

75

A

A2

A

A

70

A-

A3

A-

A (low)

65

BBB+

Baa1

BBB+

BBB (high)

Lower medium grade

60

BBB

Baa2

BBB

BBB

55

BBB-

Baa3

BBB-

BBB (low)

50

BB+

Ba1

BB+

BB (high)

Non-investment grade
speculative

45

BB

Ba2

BB

BB

40

BB-

Ba3

BB-

BB (low)

35

B+

B1

B+

B (high)

Highly speculative

30

B

B2

B

B

25

B-

B3

B-

B (low)

20

CCC+

Caa1

CCC

CCC (high)

Substantial risks

15

CCC

Caa2

CCC

Extremely speculative

10

CCC-

Caa3

CCC (low)

In default with little
prospect for recovery

 

CC

Ca

CC

5

C

C

C

0

D

/

DDD

 

In default

/

DD

D

 

D

 

Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com 

TRADING ECONOMICS RATINGS&PMoody sFitchEconomicIndicatorsFinancialMarkets20%20%20%20%20%

Indicator

Rating Share

S&P

1

Moody s

1

Fitch

1

Economic Indicators

1

Financial Markets

1

 

Related

Lebanon Inflation Rate at 1.45 percent

Lebanon Food Inflation at 0.63 percent

Lebanon Inflation Rate MoM at -0.33 percent

Lebanon CPI Transportation at 97.76 Index Points

Lebanon CPI Housing at 107.09 Index Points

Lebanon Consumer Price Index (CPI) at 108.50 Index Points

Lebanon - Credit Rating at 31.25

Lebanon Population at 6.84 Million

Lebanon Government Spending at 8960.03 LBP Billion

Deposit Interest Rate in Lebanon at 7.72 percent

Lebanon Exports at 284.72 USD Million

Source: https://tradingeconomics.com/lebanon/rating

Lebanon Imports at 1376.95 USD Million

Lebanon Balance of Trade at -1092.23 USD Million

Lebanon Tourist Arrivals at 310967.00

Lebanon Coincident Index at 297.40 Index Points

Lebanon Foreign Direct Investment at 33.68 USD Million

Lebanon Banks Balance Sheet at 385890.70 LBP Billion

Lebanon Central Bank Balance Sheet at 193644.00 LBP Billion

Lebanon Loans To Banks at 21056.70 LBP Billion

Lebanon Private Sector Credit at 78697.90 LBP Billion

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