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Moody's cuts Tunisia bond rating - ASHARQ AL-AWSAT English Archive
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PARIS, (AP) – Moody’s Investor Service has downgraded Tunisia’s government bond ratings, citing the instability sparked by the ongoing political crisis in the northern African nation.

Moody’s cut the rating by one notch, to “Baa3” from “Baa2,” and also downgraded its outlook to negative from stable. The new rating is one notch above “junk bond” status.

Moody’s says in a statement Wednesday the downgrade reflects the “significant uncertainties” surrounding Tunisia’s economic and political future and threats to its future stability.

Moody’s says Tunisia has $775 million in bonds maturing this year. Moody’s says it expects Tunisia to receive assistance from abroad “if needed.”

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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