Fitch Ratings has upgraded Tunisia’s credit rating to CCC+ today, Monday, reflecting growing confidence in the government’s ability to meet its significant financing needs.

Fitch noted that continued external support and a decrease in foreign debt repayments would enable Tunisia to balance its net external financing by 2026.

The agency added, "We believe that the local banking sector can play a key role in meeting Tunisia’s financing needs, with state-owned banks likely to take on a larger share of the burden due to the cautious approach adopted by some private banks."