Marc Jones
3 minute read
The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo
LONDON, July 26 (Reuters) - Tunisia, which has lurched into its worst political crisis since the Arab Spring protests in 2011, needs to save its foreign exchange reserves and secure a deal with the International Monetary Fund (IMF) to avoid another sovereign rating downgrade, credit rating agency Fitch said on Monday.
The North African country s economic difficulties have already seen its rating chopped once by Fitch this month, but the weekend s move by President Kais Saied to oust the government with help from the army has thrust it into full-blown turmoil. read more
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