Must try harder: Mina, Lebanon rated BB+ by World Bank
The World Bank has given the Mina municipality in north Lebanon’s city of Tripoli a positive BB+ credit rating, the municipality said in a statement over the weekend.
“According to this evaluation, the municipality’s financial situation is positive and [it is] considered an entrusted partner in financial dealings,” the statement said.
The statement said Muhanna & Co., a Lebanese financial consultancy firm, had won a contract with the World Bank to study Lebanon’s municipalities. The study was concluded on Feb. 20.
- Dubai can run, but it can't hide: UAE hub needs to deal with its debt carefully now more than ever, say analysts
- No horses to be held here: Iran's businesses desperately awaiting "bonanza"
- More trade dialogue urged between Oman and Iran
- Mission impossible? IMF says Jordan needs 7 percent growth to fight poverty and unemployment
- Saudi's strong non-oil growth in February may signal new economic era for KSA