Fitch downgrades Tunisia’s debt rating
The assessment from the leading credit agency is based on the Tunisian government’s high deficit and the political instability brought on by the president power grab last year, among other things.
Fitch downgraded Tunisia’s credit rating today to CCC, indicating a substantial default risk.
The New York-based credit agency said in a press release that the rating reflects “heightened fiscal and external liquidity risks” in the North African country. Fitch’s ratings reflect the ability of an entity to meet its financial commitments, which includes the repayment of debt.
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