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TUNISIA: Sovereign ratings affirmed, outlook ‘negative’
TUNIS (Capital Markets in Africa) – Fitch Ratings affirmed at ‘B+’ Tunisia’s long-term foreign and local currency Issuer Default Ratings, with a ‘negative’ outlook. It indicated that the ratings are constrained by fiscal and current account deficits, elevated public and external debt levels, a challenging political environment and subdued economic growth. The agency expected economic activity in the 2019-21 period to be supported by higher investments and exports, strong tourism activity, as well as robust…
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