Fitch: Tunisia view negative

Fitch Ratings said that a smooth election of the Tunisian constitutional assembly and broad agreement on a new constitution are important steps toward the agency's resolution of the negative outlook on Tunisia's BBB- rating.

The negative outlook is largely based on political uncertainty because the damage to the economy from the political uprising appears manageable, Fitch said.

The agency said it would wait for the new constitutional assembly to agree on the length of its mandate, appoint an interim government and president and start making progress toward a written constitution before it reviewed the outlook.

If progress stalls, Fitch said it may wait for elections under the new constitution to have greater clarity on the new government's policies.

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