21.9 C
Tunisia
Thursday 29 September 2022
HomeNewsTunisia will soon secure IMF deal (Fitch Ratings)

Tunisia will soon secure IMF deal (Fitch Ratings)

Tunisia will continue to benefit from international support, Fitch Ratings estimated.

“Our forecasts assume the country will secure an IMF deal in 2H22, unlocking additional financing from official creditors in November-December,” it said.

Nevertheless, the agency said, there are risks to its baseline scenario as further delays in reaching an agreement with the IMF or in implementing reforms could lead to a further deterioration in Tunisia’s debt sustainability parameters.

Nonetheless, the agency said there are risks to its base case as further delays in agreeing a deal with the IMF or in implementing reforms could cause a further worsening of Tunisia’s debt sustainability metrics.

This situation could lead the IMF to require Tunisia to restructure its debt and therefore “a default becomes more probable and could result in a downgrade to Tunisia’s ‘CCC’ rating.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS