Factsheets Back
31 . 08 . 2017
Market Overview

In August, Lebanese Government Eurobonds offer prices for medium to long term maturities decreased by around USD 0.75 on average. Lebanon CDS prices for 5 and 10 year maturities maintained their previous levels at 420 and 450 levels respectively. Moody’s downgraded Lebanon’s credit rating – as well as AUDI, BLOM and Byblos bank’s ratings – from B2 to B3 giving the rise in the country’s debt burden as reason; the agency also changed the outlook from negative to stable reflecting the political improvements and stability. S&P and Fitch both affirmed Lebanon’s B- rating and stable outlook. In the GCC region, 5 years CDS levels for the members were mostly stable. Fitch downgraded Qatar’s credit rating from AA to AA- and S&P revised the outlook of the country to “negative”; both agencies stating that the boycott on Qatar will lead to slower economic growth. Moody’s also changed the outlook on Qatar’s banking system to “negative”.