No 17



Moodys Upgrades Tunisia To Baa2

Moodys Investors Service announced on 17 April that it had upgraded the ratings of foreign-currency bonds issued by Tunisia and the Central Bank of Tunisia to Baa2 from Baa3. The country ceilings for bonds and deposits were also upgraded to Baa2 from Baa3 and Ba1 respectively. The short-term country ceilings for notes and deposits were upgraded to Prime-2 from Not Prime. The outlook for all ratings is stable.

The key factors...