Fitch affirms Attijari Leasing

Fitch Ratings said it affirmed Attijari Leasing's national long-term rating at BB+(tun) and short-term rating at B(tun).

The outlook is stable.

The ratings reflect its integration within the Moroccan group, Attijariwafa Bank through its Tunisian subsidiary, Attijari Bank Tunisie, Fitch said. The agency said it believes there is a high propensity of support in case of need. But the probability of support is limited by the banks' creditworthiness, Fitch added.

Attijari Leasing's asset quality remains weak, although it is improving, and continues to suffer from a high stock of historic impaired loans, the agency added.

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