Moody’s adjusts its outlook for Tunisia from negative to stable

Moody’s credit rating agency revised its outlook on Tunisia from negative to stable, and fixed its rating at “CAA2.”

The agency said in a statement, on Saturday, that amending its forecasts to stable reflects the agency’s view that the pressures facing the Tunisian government will not increase significantly.

Moody’s added that Tunisia’s relatively small domestic financing base and the absence of more external financing from multilateral and bilateral partners are putting pressure on financing.

Moody’s expected in its report that Tunisia’s reserves would be subject to a possible withdrawal, but they would continue to provide coverage for imports for at least 3 months by the end of 2024.

The agency also expects a similar level of financial assistance from Tunisia’s bilateral and multilateral partners to continue even without an IMF programme.