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...
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