Lebanon Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
C Stable | D — | RD — | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Dec 13, 2023 | Moody's | C | — | C | Stable | |
| Aug 21, 2020 | S&P | SD | — | D | — | |
| Jul 27, 2020 | Moody's | Ca | Stable | C | — | |
| Mar 18, 2020 | Fitch | C | — | RD | — | |
| Mar 11, 2020 | S&P | CC | Negative | SD | — | |
| Mar 09, 2020 | Fitch | CC | — | C | — | |
| Feb 21, 2020 | Moody's | Caa2 | Under Review | Ca | Stable | |
| Feb 21, 2020 | S&P | CCC | Negative | CC | Negative | |
| Dec 12, 2019 | Fitch | CCC | Negative | CC | — | |
| Nov 16, 2019 | S&P | B- | Negative Watch | CCC | Negative | |
| Nov 05, 2019 | Moody's | Caa1 | Under Review | Caa2 | Under Review | |
| Oct 24, 2019 | S&P | B- | Negative | B- | Negative Watch | |
| Oct 01, 2019 | Moody's | Caa1 | Stable | Caa1 | Under Review | |
| Aug 23, 2019 | Fitch | B- | Negative | CCC | Negative | |
| Mar 01, 2019 | S&P | B- | Stable | B- | Negative | |
| Jan 21, 2019 | Moody's | B3 | Negative | Caa1 | Stable | |
| Dec 18, 2018 | Fitch | B- | Stable | B- | Negative | |
| Dec 13, 2018 | Moody's | B3 | Stable | B3 | Negative | |
| Aug 25, 2017 | Moody's | B2 | Negative | B3 | Stable | |
| Sep 02, 2016 | S&P | B- | Negative | B- | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Lebanon’s current credit rating?
Lebanon’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Lebanon’s credit risk.
Has Lebanon’s credit rating changed recently?
This page lists the latest rating and outlook actions for Lebanon, showing when each agency last reviewed or changed its assessment.
Why does Lebanon’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Lebanon's bond yields, currency, and equity flows as investors reassess risk.
How does Lebanon’s rating compare to other countries?
You can explore how Lebanon ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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