GCC central banks keep interest rates unchanged, mirroring Fed’s move
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more