Tunisia

Tunisia's economy returns to growth in Q1 2012

24 May 2012

TUNIS (Reuters) - Tunisia said on Thursday its economy grew 4.8 percent in the first quarter compared to the same period in 2011, when weeks of protests ousted veteran leader Zine al-Abidine Ben Ali and hit the economy. Gross domestic product in the North African country was up a more modest 1.2 percent compared to the last quarter of 2011. Tunisia's economy shrank 1.8 percent in 2011 as ...

S&P drops Tunisia rating to speculative

23 May 2012

Standard & Poor's dropped its rating for Tunisia by one notch on Wednesday to a speculative 'BB/B' level due to political uncertainty and weaker economic outlook.

S&P cuts Tunisia to junk with two-notch downgrade

23 May 2012

NEW YORK (Reuters) - Standard & Poor's on Wednesday cut its sovereign credit rating on Tunisia to junk with a two-notch downgrade to BB, citing weaker-than-expected economic, fiscal and external debt indicators despite overall political stability. The rating outlook for Tunisia is now considered stable, S&P said in a statement. The Arab Spring protests that erupted in Tunisia in January 2011 and ...