Tunisia: Moody's maintains country’s investment grade
Moody's Investors have maintained Tunisia's investment grade "Baa3," "a rating that staves off the risk of Tunisia defaulting on its debt for the foreseeable future, but still maintained a negative outlook to the country," according to Mr. Aurélien Mali, lead analyst at Moody's.
Source : https://www.marocafrik.com/english/Tunisia-Moody-s...
Tunisia can expect continued European support at this stage of its democratic development and had managed to continue its economic recovery despite the recession in the eurozone the spokesman said. Tunisia had received sufficient support to contain its deficit and external debt he said to the business magazine African Manager .
Tunisia has a public debt ratio/GDP of 46% compared to a rate of 68.5% for a country with the same rating such as Spain,Mr Mali said.
Moody's negative rating for Tunisia reflects concerns over whether it can achieve its democratic transition on time and continue to contain the deficit and control spending.
Tunisia has a public debt ratio/GDP of 46% compared to a rate of 68.5% for a country with the same rating such as Spain,Mr Mali said.
Moody's negative rating for Tunisia reflects concerns over whether it can achieve its democratic transition on time and continue to contain the deficit and control spending.
Source : https://www.marocafrik.com/english/Tunisia-Moody-s...