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Media ID: 55367232
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The Euro sculpture is pictured in Frankfurt January 24, 2012. REUTERS/Lmar Niazman


Tunisia Turns to International Markets to Borrow

Tunisia Turns to International Markets to Borrow

Tunisia- Tunisia has announced its determination to turn to European financial markets, namely in Germany, to receive EUR1 billion (approximately TND1.437 billion) to support more resources in the state’s treasury. Representatives of Tunisia’s government began holding...
Media ID: 55366899
Caption:

The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/Reinhard Krause


Fitch Downgrades Tunisia to ‘B+’

Fitch Downgrades Tunisia to ‘B+’

Cairo- Fitch Ratings has downgraded Tunisia’s long-term foreign and local currency issuer default ratings to ‘B+’ from ‘BB-’. The outlook is stable. The agency explained this by “the collapse of tourism in the context of elevated security risks, slowdown in investment...