Egypt, Tunisia ratings may be at "low point" - Fitch

Thursday 05-06-2014 12:39 PM
Egypt, Tunisia ratings may be at

Fitch rating agency - Reuters


LONDON, June 5 (Reuters) - Improvements in the political outlook suggest Egypt and Tunisia may be at the bottom of their ratings cycle, a Fitch ratings analyst said on Thursday.

"There have been some positive developments on the political side - maybe we are at the low point for the ratings on these countries," Paul Gamble, director in the sovereign ratings group at Fitch, told a briefing.

Fitch rates Egypt at B-minus with a stable outlook and Tunisia at BB- with a negative outlook.

(Reporting by Carolyn Cohn; Editing by Janet Lawrence)

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