VOL. XLVII

No 14

05-April-2004

RATINGS

S&P Assigns Tunisias 450Mn Bond BBB Rating

Ratings agency Standard & Poors (S&P) on 31 March assigned a BBB senior unsecured debt rating to the Central Bank of Tunisias prospective 450mn eurobond issue due in 2011. The government of Tunisia (foreign currency BBB/Stable/A-3; local currency A/Stable/A-1) continues to pursue fiscal consolidation, and the current account deficit remains at a low 3.0% of GDP despite the economic slowdown in Europe,...