Moody's Investors Service ("Moody's") has downgraded to Caa2 from Caa1 the long-term bank deposit ratings of Amen Bank ("Amen"), Banque de Tunisie ("BdT"), Banque Internationale Arabe de Tunisie ("BIAT") and Societe Tunisienne de Banque ("STB"). Concurrently, Moody's has confirmed at Caa1 the long-term bank deposit ratings of Arab Tunisian Bank ("ATB"). Moody's also changed the outlook to negative from rating under review on the long-term bank deposit ratings of all five Tunisian rated banks.
Tunisia
Tunisia's central bank left its interest rate steady and called on politicians and other stakeholders to carry out economic reforms that can help the country overcome its current crises and emphasized the need to restore the confidence of international institutions and foreign donors in the country's economy.
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