“Fitch Rating” Agency to update Tunisia’s credit rating for 2009
TUNISIAONLINENEWS- Mr. Taoufik Baccar, the Governor of the Tunisian Central Bank, chaired on Friday in Tunis the closing meeting of the mission carried out by “Fitch Ratings” agency as part of its updating of Tunisia’s credit rating for 2009.
“Fitch Rating” is a global rating agency committed to providing the world’s credit markets with independent and prospective credit opinions, research, and data. “F itch Rating” is widely recognized by investors, issuers, and bankers for its credible, transparent, and timely coverage.
The meeting allowed reviewing the Agency’s assessment following talks it had with the Ministers of Finance, Development and International Co-operation, and with the various departments of the Tunisian administration.
Mission members focused on the option for the full convertibility of the dinar by 2014 in addition to the setting up of “deposit and consignment office,” “Tunisie Trésor” agency, “Holding public banking” and the financial holding dedicated to small- and medium-sized enterprises’ funding.
Recognizing the capacity proved by the Tunisian economy at the recent global financial crisis, the mission members highlighted the contribution of these orientations for the future of the Tunisian economy.
“Standard & Poor’s,” “Moody’s” and “R&I “ agencies (the Japanese Rating & Investment Information Agency) already confirmed Tunisia’s rating, reiterating the resilience Tunisian economy capacity in coping with the global financial crisis.
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