Fitch Ratings has upgraded Tunisia’s credit rating to CCC+, reflecting growing confidence in the government’s ability to meet its significant financing needs.
Fitch noted Monday that continued external support and a decrease in foreign debt repayments would enable Tunisia to balance its net external financing by 2026.
“We believe that the local banking sector can play a key role in meeting Tunisia’s financing needs, with state-owned banks likely to take on a larger share of the burden due to the cautious approach adopted by some private banks,” the agency added.
