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Lebanon rating can absorb sporadic clashes, says Fitch

Fitch Ratings has said Lebanon's credit rating can absorb sporadic bouts of unrest similar to this week's clashes in the most-indebted Arab country, Bloomberg has reported. "The rating has a lot of tolerance for sporadic outbreaks of violence," said Richard Fox, London-based head of Middle East and Africa sovereign rating at Fitch, which ranks the country at 'B,' five levels below investment grade. "The question is deciding when it gets to a tipping point," he said. Lebanon is ranked 'B1' at Moody's Investors Service, the fourth-highest junk rate.