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Tuesday 22 June 2021
HomeNewsTunisia: Fitch lowers country’s sovereign rating to BB-

Tunisia: Fitch lowers country’s sovereign rating to BB-

Ratings agency Fitch has lowered the sovereign rating of Tunis from BB + to BB-, negative outlook, on the night of the suicide attack in Sousse.

The rating agency justified this by the delay of political transition and uncertainty over the outcome of the national dialogue.

Fitch added in its statement that a further decline in the sovereign rating of Tunisia is possible if the political crisis intensifies or Tunisia fails to significantly reduce its budget and current account deficits.

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