Moody's ups Lebanon view to positive

Moody's Investors Service said it changed the outlook on Lebanon's sovereign ratings to positive from stable. These ratings are the country's B3 local- and foreign-currency government bond ratings, the B3 country ceiling for foreign-currency bank deposits and the B2 country ceiling for foreign-currency bonds.

The change in outlook was motivated by the proven resilience of the public finances to shocks, which have been severe in recent years, Moody's said.

The improvements in Lebanon's political and economic environments since the signature of the Doha Agreement in May also are reassuring, the agency said.

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