Fitch Ratings: Lebanon Financial Situation Denotes ‘Likely’ Debt Restructuring

Fitch Ratings: Lebanon Financial Situation Denotes ‘Likely’ Debt Restructuring

A delegation from the International Monetary Fund was expected to visit Lebanon this week to meet officials and give an assessment on what is needed to save the plummeting economy.. Lebanon has never defaulted before, and the decision is causing much anxiety in the crisis-hit country.. Lebanon's financial situation points to a likely restructuring of the country's massive debt and financial sector to preserve declining foreign currency reserves, Fitch Ratings said Tuesday..