Fitch affirms Arab Tunisian Leasing

Fitch Ratings said it affirmed Arab Tunisian Leasing's national long-term rating at BBB(tun), short-term rating at F3(tun), national senior debt rating at BBB(tun) and national subordinated debt rating at BB(tun).

The outlook is stable.

The ratings are underpinned by the limited probability of support the company is likely to receive from its ultimate shareholder, Arab Bank plc, Fitch said.

But the agency said it believes the probability of support from Arab Bank is only limited given that it is not a direct shareholder and given its modest interests in Arab Tunisian Lease's capital.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.