The rating agency Moody's said the election of a new President would be positive for Sovereign debt if it was followed by cross-party agreements on economic and fiscal reforms.
"[The presidential election] is also likely to strengthen the confidence of non-resident depositors in Lebanon's long-term economic prospects," the credit rating agency said in a report published today.
Political stability is expected to limit the recent deceleration in the growth rate of non-resident deposi...
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