Tunisia: Fitch Downgrades Default Rating as Foreign Reserves Slump

by | Jun 8, 2023 | Economic, Tunisia


This week, New York-based Fitch Ratings downgraded Tunisia’s long-term foreign currency issuer default rating from CCC+ to CCC-, further confirming the country’s lack of creditworthiness.

The downgrade fully confirmed Tunisia’s status as a “junk” investment – an investment that is characterized by a high possibility of default, but potentially offers higher interest rates.

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