In its quarterly survey of the country risk level in 174 countries, the Euromoney Group ranked Lebanon in 163rd place worldwide and in 17th place among 18 Arab countries in the first quarter of 2020. Also, Lebanon came in 50th place among 52 upper middle-income countries (UMICs) included in the survey. Lebanon's global rank deteriorated by 36 spots, the steepest decline globally, while its regional rank dropped by six notches from the fourth quarter of 2019. The survey evaluates individual country risk by assigning a weighting to five categories that cover Political Assessment, Economic Assessment, Structural Assessment, Access to International Capital Markets, and Debt Indicators. A higher score reflects a lower country risk level.

Globally, Lebanon had a lower country risk level than Cuba, Laos and Sudan, and a higher risk level than Guinea, Equatorial Guinea and Venezuela among economies with a GDP of $10bn or more. It also ranked ahead of Equatorial Guinea and Venezuela among UMICs. Lebanon's global rank dropped by 61 spots on the Access to International Capital Markets category, by 30 notches on the Economic Assessment indicator, by 26 spots on the Structural Assessment category and by 19 notches on the Political Assessment indicator, while it was unchanged quarter-on-quarter on the Debt Indicators category.

Lebanon received a score of 24.05 points in the first quarter of 2020, down from 35.23 points in the preceding quarter. Lebanon's score came well below the global average score of 47.53 points and the average score of 43.44 points for UMICs and of 41.5 for Arab countries. Also, its score was lower than the Gulf Cooperation Council (GCC) countries' average score of 60.39 points and the average score of non-GCC Arab countries of 32.05 points. Further, Lebanon's score declined by 47.6% on the Economic Assessment category, by 43.3% on the Access to International Capital Markets category, by 23.1% on the Political Assessment category, and by 11.5% on the Structural Assessment indicator, while it was unchanged on the Debt Indicators category from the fourth quarter of 2019.