VOL. XL

No. 15

14-April-1997

TUNISIA

S&P Rates Tunisia

The US ratings agency Standard & Poor's (S&P) hasassigned an investment grade BBB- long-term rating to Tunisia's foreigncurrency-denominated debt, including Samurai bonds and syndicated loans to the total valueof $1.16bn, and assigned ratings of A and A-1 to its long- and short-term Dinar debtrespectively. In addition, S&P has assigned the country a short-term foreign currencyrating of A-3. In a statement issued on 10...