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,...
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