Factsheets Back
30 . 06 . 2018
Market Overview


In June, Lebanese Government Eurobonds offer prices continued their downward trend with around a USD 2 to 3 decrease. Lebanon 5 and 10 year CDS jumped again by a 100 bps reaching 730 mid-spread, multi-year high, levels. Moody’s said that Lebanon’s weak credit profile reflects the large debt burden, low growth prospects and vulnerability to political shocks; even with resilient foreign exchange buffers a downgrade would be likely in case of a sustained decrease in deposit inflows. In the GCC region, 5 years CDS levels remained mostly stable except for Bahrain. Fitch affirmed all GCC members’ ratings and outlook but revised Qatar’s Outlook from Negative to Stable citing stabilizing of the banking sector and outflows of capital after public sector liquidity injections, and that no further escalation of measures have been taken against Qatar.