Publication Date:
Fri, 2011-03-11 00:24
S &P said it had lowered its long- and short-term sovereign credit ratings on the North African nation to BB/B from BBB+/A-2. It also removed the ratings from CreditWatch negative.
But the agency also said it decided to suspend its ratings on Libya “due to the imposition of sanctions and because of a lack of reliable economic and political information.”
Forces loyal to Libyan leader Muammar Qaddafi have been battling rebels for weeks in the most violent of the anti-regime protest movements to have hit the Arab world.
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