Fitch affirms Arab International Lease

Fitch Ratings said it affirmed Arab International Lease's national long-term rating at BBB+(tun) and short-term rating at F2(tun).

The outlook is stable.

The agency said the ratings are underpinned by the support, in case of need, that the company can expect from its main direct shareholder, Banque Tuniso-Koweitienn, and its ultimate parent, Groupe BPCE.

Arab International Lease's profitability ratios were broadly stable in 2009 but remained below those of peers, Fitch said.

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