Tunisia’s sovereign credit rating has been reaffirmed at “B-” with a Stable Outlook by Fitch Ratings, signaling the agency’s view that the country’s elevated credit risk is currently contained. In a move reflecting its updated analytical framework, the major credit assessor also removed Tunisia from its Under Criteria Observation (UCO) list. The change follows the publication of a revised methodology in September 2025 that formally incorporates recovery assumptions into sovereign debt assessments. Under this new model, Fitch assigned Tunisia an “RR4” recovery rating, indicating creditors could expect a moderate recovery…
Fitch Affirms Tunisia at ‘B-‘, Removes Country from Watchlist Amid Methodology Update
