LEBANON (Enmaeya News) - November 19, 2025

Moody’s Investors Service has maintained Lebanon’s sovereign credit rating at “C” with a stable outlook, unlike Standard & Poor's (S&P), which recently raised Lebanon’s rating.

In its announcement on Tuesday, Moody’s said that holders of Lebanon’s eurobonds, government debt in dollars that has been in default since March 2020, are likely to face losses exceeding 65 percent.

The agency stressed that Lebanon’s rating is unlikely to change until its debt restructuring is completed, due to ongoing economic, financial, and social challenges.

According to "L'Orient Today", while S&P upgraded Lebanon’s long-term rating from “CC” to “CCC” earlier this year, signaling some improvement, Moody’s cited continuing risks as a reason not to follow suit.

The agency highlighted geopolitical instability, weak economic fundamentals, and an unfinished restructuring process involving more than US$30 billion in debt.

Moody’s acknowledged some positive steps by the government, such as renewed payments on treasury bills, but said these measures are not enough to change the overall credit assessment.

Moody’s stable rating signals that, despite some small improvements, Lebanon faces major economic challenges ahead, and significant reforms are needed to restore confidence in the country’s financial system.