Unemployed graduates shout slogans during a demonstration to demand the government provide them with job opportunities, on Habib Bourguiba Avenue in Tunis, Tunisia January 22, 2016. REUTERS/Zoubeir Souissi
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Moody's Investors Service downgraded Tunisia's credit rating on its deteriorating fiscal situation, complicating the government's plans to raise capital on international markets.Moody's, which had last downgraded Tunisia seven months ago, assigned it a "stable'' outlook.The nation's ability to afford to borrow is dwindling, with its debt burden expected to peak at 73 percent next year from an estimated 70 percent in 2017, Moody's said.The yield on the central bank's $1 billion of euro bonds due in January 2025 has risen 120 basis points this year to 7.013 percent.Tunisia's central bank drained its reserves defending the dinar, which is loosely pegged to a basket of currencies, before eventually allowing it to weaken 19 percent against the euro in the past 12 months.
FOLLOW THIS ARTICLE