Factsheets Back
28 . 02 . 2018
Market Overview


In February, Lebanese Government Eurobonds erased their previous gains and suffered a heavy drop with speculation driving offer prices of Medium to Long term maturities down by USD 3 to 5. Even though Fitch affirmed Lebanon’s B-/Stable rating but it cited weak finances along with political and security risks. Lebanon 5 and 10 year CDS prices rose in parallel by around 30 bps to 450 and 500 levels respectively. In the GCC region, 5 years CDS levels remained stable on average. S&P affirmed Kuwait’s AA/Stable rating and Qatar’s AA-/Negative rating citing remaining risks from the boycott affecting the country’s fiscal assets.