VOL. XLVII

No 02

12-January-2004

RATINGS

TUNISIA

S&P Affirms Tunisia BBB/A-3 Foreign Currency Ratings And Stable Outlook

Ratings agency Standard & Poors (S&P) on 18 December affirmed its BBB/A-3 foreign currency and A/A-1 local currency sovereign credit ratings on Tunisia and the countrys stable outlook. According to S&P, the rating reflects the governments prudent macroeconomic policies. The government continues to pursue fiscal consolidation, and the current account deficit...