Magazine date:
Apr 2022 
AM Best downgrades Tunis Re's long-term financial strength and credit ratings.
The first rating has been reduced from B+ (good) to B (fair) with an upward revision of the outlook from negative to stable.
The long-term credit rating has been downgraded from "bbb-" to "bb+" with negative outlook.
This downgrade takes into account the high exposure of the Tunisian reinsurer to the increased economic and political risks that the country is facing.
Read also | AM Best rating scale [4]