Citigroup Projects 65% Lebanon Haircut in Favorable Scenario
- Nation’s outlook too uncertain to forecast base-case scenario
- Haircuts, devaluation would help cut debt amid overhaul deal
Residents clear broken furniture and debris from a residential building in Beirut, Lebanon, on Aug. 12.
Photographer: Hasan Shaaban/BloombergThis article is for subscribers only.
Follow us @middleeast for more news on the region.
Lebanon may write off two-thirds of its Eurobonds, and a fifth of the local debt, once it overcomes political differences hindering an economic overhaul, Citigroup Inc. says.