Tuesday, 29 July 2014

Subscribe Unsubscribe

Tunisia: S & P cuts country's sovereign rating one notch, cites political crisis

Standard and Poor's rating agency has cut Tunisia's sovereign rating by one notch to "BB-" against "BB," outlook negative, due to the political crisis in the country.

"We believe that political tensions have risen sharply, increasing the risk for the democratic transition in Tunisia," the agency said in a statement Tuesday.

"The outlook is negative, reflecting the risk that the political situation further deteriorates," it adds.

SP had already lowered in May 2012 the country's long-term debt rating two notches to "BB," relegating the country in the category of speculative borrowers.

The agency kept the short-term rating of the country unchanged at 'B'.


News
27-07-2014 | Tunisia: FDI declines by 24.6% in Tunisia

27-07-2014 |Tunisia: World Bank to grant US$ 300 million to Tunisia

24-07-2014 | Tunisia: SOTEMAIL’s revenues increase by 84%

24-07-2014 |Tunisia: foreign investment declines by quarter

22-07-2014 | Tunisia: tomato crop for 2013-2014 campaign to reach 900 to 950,000 tons

22-07-2014 |Tunisia: revenues of City Cars up 52%