Published under Article 18 of the credit rating activity rules (LCMA Board Resolution 38/2024) — updated at least semi-annually and computed directly from the rating committee's action record.
| Year | Actions | Initial | Upgrades | Downgrades | Affirmations | Upgrade % | Downgrade % |
|---|---|---|---|---|---|---|---|
| 2026 | 3 | 3 | 0 | 0 | 0 | 0% | 0% |
| Band | Observations | Defaults | Default rate % |
|---|---|---|---|
| BB | 1 | 0 | 0% |
| BBB | 2 | 0 | 0% |
All rated entities are domiciled in Libya; a single geographic region is reported until the rated population spans more than one (Res 38/2024 Art 18(6)).
Computed as of: 2026-07-29