14-12-2018 18:01 via kvoa.com

Lebanese minister presses for reforms after Moody’s report

BEIRUT (AP) — Lebanon’s finance minister says that the Moody’s Investors Service report that downgraded the country’s status shows the urgency of forming a new Cabinet and implementing economic reforms.
Ali Hassan Khalil’s comments Friday came a day after Moody’s changed Lebanon’s government issuer ratings outlook from stable to negative and assigned it the rating of B3.
Lebanon’s economy has been under pressure for years from the war in neighborin
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