Factsheets Back
31 . 01 . 2019
Market Overview


In January, Lebanese Government Eurobonds’ prices rose by around USD 1 to 1.5 from start to end of month with some volatility in between after the Finance minister hinted at debt restructuring, a statement that was immediately drawn back and denied by government officials. The Lebanese government was formed on the very last day of the month which boosted bond prices by around USD 4 given investor relief and positive sentiment. CDS levels for 5 and 10 years saw a major drop and reached 730 and 600 ask-spread levels respectively. In the GCC, S&P affirmed Kuwait’s AA rating and stable outlook, while Fitch downgraded Oman one notch to below investment grade at BB+ with a stable outlook stating that its fiscal deficits are leading to sharp deterioration in sovereign and external balance sheets.