Must try harder: Mina, Lebanon rated BB+ by World Bank

Lebanon's Mina municipality in north Lebanon has been rated 'BB+' by the 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.