Summary of Fitch’s Report onthe Situation in Tunisia

30 SEP 2015

Tunisia BB-

https://www.fitchratings.com/site/fitch-home/pressrelease?id=991392

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Despite challenges; The “Outlooks are

Stable…”

Highlighted Security Challenges

Political risks remains high...

Current situation tests unity government...

Shock induced by terrorism remains

uncertain

Security Crackdownimplications...

Continuing Social Unrest

“Political consensus building has proven effective and will likely prove effective in this

difficult environment…”

Fitch’s Outlook

Tunisia faces major challenges ahead...

Factors that can make matters

worse...

Low growth rate + Social Pressure=

Higher Risk

Political destabilisation

Terrorism

Social Unrest

UPSIDE POTENTIAL

INCREASED GROWTH

PROSPECTS

STRUCTURAL IMPROVEMENT IN

THE BUSINESS ENVIRONMENT

OVERALL IMPROVEMENT OF

SECURITY SITUATION.

MORE INFORMATION