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BRIEF-Moody's downgrades Tunisia's rating to B1, maintains negative outlook
August 18, 2017 / 9:51 PM / 3 months ago

BRIEF-Moody's downgrades Tunisia's rating to B1, maintains negative outlook

Aug 18 (Reuters) -

* Moody’s downgrades Tunisia’s rating to B1, maintains negative outlook

* ‍moody’s has also downgraded the foreign currency debt rating of the central bank of Tunisia to B1 from BA3 and maintained the negative outlook​

* Moody’s says key drivers for Tunisia’s rating downgrade‍​ inclued continued structural deterioration in Tunisia’s fiscal strength

* ‍moody’s on Tunisia - negative outlook reflects risk of a more sustained than anticipated decline in foreign exchange reserves

* Moody’s says key drivers for Tunisia’s rating downgrade‍​ include persistent external imbalances, reduced institutional strength and government effectiveness Source text for Eikon:

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