Fitch, S&P ratings are reminder of need for Lebanon reforms -finance minister
- Country:
- Lebanon
Lebanon will overcome the crisis and has committed to reforms, the finance minister told Reuters after Fitch downgraded the country's credit rating to CCC while S&P affirmed it at B-/B on Friday.
Ali Hassan Khalil said the rating reports served as a reminder of the utmost need for the government to work on enacting reforms. "There should be no slacking for a single moment," he said.
Lebanese leaders have warned of the financial crisis without reforms and the government is seeking to put public finances on a sustainable path after years of backsliding.
Also Read: UPDATE 3-Fitch, S&P downgrade Argentina debt as default risk grows
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- CCC
- Ali Hassan Khalil
- leaders
- Lebanese
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