22 June 2009
Tunis — The Japanese rating agency R&I (Rating and Investment Information) has confirmed Tunisia's sovereign risk rating granting it A - with stable outlook, following the meeting of its rating committee on June 17,2009.
In March 2009 a delegation from R&I visited Tunisia. In 1994 the agency rated Tunisia BBB+.
"A" is one of the agency's highest ratings and shows the country's credibility and its commitment to honor its international engagements. It also follows two previous 2008 ratings by American rating firms, respectively S & P and Moody's which also confirmed the resilience of the Tunisian economy.
Observers note that this performance is all the more significant as it comes against the backdrop of the financial economic crisis and the subsequent degradation of the ratings of a number of emerging economies, because of their high level of indebtedness and the lack of currency to honor their international commitments.
The 2009 Africa Competitiveness Report issued by the World Economic Forum (WEF) rated Tunisia the most competitive economy in Africa.
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