Factsheets Back
31 . 08 . 2018
Market Overview


In August, Lebanese Government Eurobonds offer prices dropped further to new lows decreasing by around USD 1.5 to 5 from medium to long term maturities. Lebanon CDS levels for 5 and 10 years jumped by around 50 bps to 650 and 680 levels respectively. S&P affirmed Lebanon’s B- rating and stable outlook, saying it expects the government debt burden to continue to rise through 2021 but continuing deposit inflows to the financial system to support government borrowing. In the GCC region, 5 years CDS levels were mostly stable. Moody’s downgraded Bahrain’s rating to B2 and maintained the negative outlook citing a further rise in government liquidity risk to elevated levels.