VOL. XLVI

No 17

28-April-2003

TUNISIA

Raises Seven Tunisian Banks Foreign Currency Ratings

Following the sovereign upgrade, Moodys announced it had upgraded the foreign currency deposit ratings of seven Tunisian banks (Amen Bank, Arab Tunisian Bank, Banque de Tunisie, Banque du Sud, Banque Internationale Arabe de Tunisie, Societe Tunisienne de Banque, and UBCI) to Baa2 from Ba1 (outlook stable). While the foreign currency deposit ratings of most Tunisian banks will continue to remain linked to...