VOL. XLV

No 16

22-April-2002

TUNISIA

S&P Rates Bank Of Tunisias Proposed $500Mn Bond BBB

Ratings agency Standard & Poors said 10 April itassigned its BBB senior unsecured debt rating to the Central Bank of Tunisias proposed $500mn global bondissue, which is due 2012. The rating reflects the Republic of Tunisias (local currency A/Stable/A-1;foreign currency BBB/Stable/A-3) favorable policy track record, balanced by theneed for further structural reforms. Prudent macroeconomic policies,...