The outlook for the Tunisian banking system has been upgraded from negative to stable, according to a new rating by Moody’s, as reported by the Tunisian press on Thursday. “This outlook is based on the government’s demonstrated ability to meet its debt repayment commitments and the reduced risk of a sovereign credit event,” Moody’s explained. On the other hand, it was cautious about the country’s economic context, particularly with regard to weak economic growth and fiscal and trade balances. “Weak economic growth, large fiscal and external imbalances, relatively high financial…
Moody’s upgrades Tunisian banking system rating from negative to stable
