COFACE downgrades Tunisia's rating
Thursday, 04 19 2018, Category: Rating, Country: Tunisia
The rating of Tunisia has been downgraded by a fairly high risk (B) to a high risk (C), according to the "Country and Sector Risk" Barometer developed by the French Insurance Company for Foreign Trade, for the 1st quarter of 2018.
In its report which concerns 160 countries, COFACE points "a difficult macroeconomic situation with an inflation of 7%, which will impact the consumption of households.
The situation of public finances and the external position of the country are also worrying. Moreover, the high cost of raw materials are starting to penalise the countries that import them, such as Tunisia ".
Thus, in this context of growing global demand, the prices of the main commodities are on the rise. Regarding oil, COFACE has anticipated that the price of a barrel of Brent will reach $ 65 on average in 2018, hence a positive revaluation of countries that export a lot like Nigeria and a penalty of importing countries, such as Tunisia.