(Ecofin Agency) – The rating agency Fitch Ratings announced on March 27, in a statement, pointing out “negative” to “stable” the perspective of the sovereign rating of Tunisia.
It maintained the ratings assigned to long-emissions and short-term foreign currency country Foreign and local currency respectively to “BB-” and “BB”.
Fitch says improving the outlook for the rating of Tunisia by the completion of the transitional process in the country after the success of the parliamentary and presidential elections. The agency also notes that the country’s budget deficit tends to improve, helped by lower oil prices on international markets. It thus provides for improved economic performance of the country in the years to come.
Fitch, however, believe that” the risk of political and economic instability, social unrest and terrorist attacks remain important . “ For the rating agency “ the medium-term growth prospects depend on social stability, security and the implementation of reforms structural improvements in the investment climate and the banking sector . “
On another level, Fitch believes that the economic recovery in the euro area will certainly improve the prospects for exports to Tunisia.
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25/04/2014 – Fitch Ratings confirms the sovereign rating of Tunisia to BB- / BB with negative outlook
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