Fitch gives Servicom B(tun)

Fitch Ratings said it has assigned Servicom SA long-term and short-term national ratings of B(tun).

The outlook is stable.

According to the agency, Servicom's ratings are constrained by the group's limited scale as a small business engaged in the construction sector in Tunisia, compared to Fitch rated peers both within Tunisia and internationally.

Nevertheless, the business has performed reasonably well in recent challenging years, both in terms of global trends and uncertain times in Tunisia itself, the agency added.

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