Africa News Tunisia to Acquire Representatives of Fitch Raitings and Moody's...

Tunisia to Acquire Representatives of Fitch Raitings and Moody's Rating Agencies

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The Central Bank of Tunisia, BCT, is preparing with all relevant Tunisian structures to host, during the month of May 2019, representatives of rating agencies Fitch Raitings and Moody's.

Tunisia to Acquire Representatives of Fitch Raitings and Moody's Rating Agencies

All of these parties are working to identify priorities to change the negative outlook of Tunisia ratings that has declined 5 times since 2011, reveals a document of the BCT.

"The purpose of these visits is the improvement of the country's rating," notes the document published by the BCT during a dialogue session at the PRA with the governor of the BCT, Marouane Abassi after the decision taken by the Board of Directors of the Issuing Institution, to raise the key interest rate to 7.75%.

Objective: improve the sovereign rating of Tunisia
Meetings were held to discuss priorities that could improve prospects from negative to stable in a first step and improve sovereign ratings in a second step.

The three international agencies will grant a sovereign rating according to the risks of the country, such as the American Agency '' Moody's '', the European '' Fitch Raitings '' and the Japanese agency '' R & I '', knowing that the rating agency Standard & Poor's has withdrawn its rating since 2013, at the request of Tunisia.

In March 2018, '' Moody's '' ranked Tunisia at B2, with a negative outlook, while the agency Fitch Raitings, dated February 3, 2017, rated the country at B + with a negative outlook. The Japanese R & I agency granted Tunisia, on May 1, 2017, the rating of BB with a negative outlook.

Several factors explain the decline of the rating of Tunisia, including the deterioration of public finance following the continuous increase in public debt indicators, with the worsening of the trade balance and the vertiginous slide of the dinar.

Rating agencies pay particular attention to the risks of political and security instability and social problems.

Source: TAP <!–

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