Fitch Ratings maintains Tunisia’s Sovereign rating at «CCC-»

Fitch Ratings on December 8, affirmed Tunisia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at "CCC-,"" according to the Central Bank of Tunisia (BCT). Tunisia's 'CCC-' rating reflects the heightened uncertainty around the government's ability to meet its large budget financing needs - revised up in the absence of progress on key subsidy reforms - and increasing debt maturities. Fitch Ratings asserts that the improvement in the Sovereign rating depends on better access to external financing and a commitment to implement reforms aimed at reducing the budget deficit. Source: Agence Tunis Afrique Presse