VOL. XLIV

No. 12

19-March-2001

TUNISIA

S&P Rates Tunisias BTKD Outlook BB+ Stable

Standards & Poors (S&P) announced on 21 February that it had rated Banque Tuniso-Koweitienne de Developpement (BTKD) BB+ stable. According to an S&P press release, the BTKD rating is primarily based on the banks joint ownership by Tunisia (BBB/Stable/A-3 foreign currency ratings) and Kuwait (A/Stable/A-1 foreign currency ratings) and its strong capitalization. With TD336mn ($249mn) in total assets...