VOL. XLVI

No 38

22-September-2003

RATINGS

S&P Lowers Rating On Banque Tuniso-Koweitienne De Developpement To BB

Ratings agency Standard & Poors (S&P) announced on 2 September that it had lowered its long-term counterparty credit rating on Tunisian bank Banque Tuniso-Koweitienne de Developpement (BTKD) to BB from BB+. The outlook is stable. According to the agency, the action reflects the impact on BTKDs business and financial profiles of its planned expansion into the competitive field...