Fitch downgrades Tunisia’s debt rating

The assessment from the leading credit agency is based on the Tunisian government’s high deficit and the political instability brought on by the president power grab last year, among other things.
ANIS MILI/AFP via Getty Images
A sign is placed on almost empty shelves of bread and other wheat-based food products that reads in French "one bag per person" at a supermarket in the Tunisian capital Tunis, on March 13, 2022. - ANIS MILI/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Fitch downgraded Tunisia’s credit rating today to CCC, indicating a substantial default risk.

The New York-based credit agency said in a press release that the rating reflects “heightened fiscal and external liquidity risks” in the North African country. Fitch’s ratings reflect the ability of an entity to meet its financial commitments, which includes the repayment of debt. 

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