Moody's: Lebanon Government Formation Positive for Credit Rating

The formation of a new government in Lebanon is positive for the country's credit rating, Moody's said on Monday, as it should help unlock a $11 billion, five-year international support package offered last year. "The announcement is credit positive because we expect that the new government will implement necessary fiscal reforms to unlock the $11 billion five-year investment package committed by international donors," Moody's analysts said in a new report.