Fitch affirms Arab Tunisian

Fitch Ratings said it affirmed Arab Tunisian Bank's long-term foreign- and local-currency issuer default ratings at BBB.

The outlook is negative.

The agency also affirmed the bank's short-term foreign-currency issuer default rating at F3, short-term local-currency issuer default rating at F3, viability rating at B, national long-term rating at AA+(tun), national short-term rating at F1+(tun) and national senior unsecured debt rating at AA+(tun).

The ratings reflect the high probability of support the bank could receive, if required, from its majority shareholder, Arab Bank plc, Fitch said.

The ratings are constrained by Tunisia's country ceiling of BBB, the agency said, and the negative outlook on the bank reflects the outlook on Tunisia.

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