Fitch affirms Tunisia at ‘B+’; outlook stable
* Fitch on Tunisia – has affirmed short-term foreign- and local-currency IDRS at ‘B’ and country ceiling at ‘BB-‘
* Fitch on Tunisia says external imbalances have worsened, with a wider current account deficit in 1q17 leading to exchange rate pressures
* Fitch, on Tunisia, says without fiscal consolidation to reduce foreign financing needs, Fitch expects strains on external balances to continue
* Fitch on Tunisia – expects exports growth to be aided by higher GDP growth in Europe, and projected recovery in tourism
* Fitch, on Tunisia, says expect structural current account deficit will remain a weakness of Tunisia’s sovereign credit profile for foreseeable future
* Fitch on Tunisia – government proposals to introduce higher tariffs on some non-essential products will contribute to slowdown in import growth from 1q17 level Source text for Eikon:
Reuters
