Fitch Ratings has withdrawn Lebanon’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR), following a reaffirmation of the country’s ratings at 'Restricted Default' (RD), citing a lack of sufficient information, stemming from Lebanon's failure to provide updated national accounts and fiscal data since 2021.

Previously, Fitch had affirmed Lebanon’s IDRs at ‘Restricted Default’ (RD), reflecting the country’s continued default on its foreign-currency government bonds. Lebanon has not met its obligations on a Eurobond that matured on March 9, 2020, and has halted payments on these bonds while it awaits a debt restructuring. 

The Local-Currency IDR has been affirmed at 'RD' due to the suspension of payments on Banque du Liban's holdings of local-currency securities, although the government continues to meet obligations on local-currency debt held by private creditors.

The decision to withdraw Lebanon's ratings reflects Fitch’s inability to maintain its analysis without access to current data. As the Lebanese government has stopped publishing crucial economic information, Fitch has determined that it can no longer provide ratings or maintain coverage. This move marks the end of Fitch's formal assessment of Lebanon's creditworthiness, leaving the country's economic outlook uncertain and unmonitored by the agency.