Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Societe Tunisienne de Verreries > News item |
Fitch: Sotuver on evolving watch
Fitch Ratings said it changed the Rating Watch to evolving from positive for Societe Tunisienne de Verreries' national long-term rating of B+(tun). Fitch also affirmed the national short-term rating at B(tun).
The change reflects the fact that while Fitch continues to believe that a takeover of Sotuver by Societe d'Exploitation de Verreries au Maroc (Sevam) may contribute to the strengthening of Sotuver's ratings, uncertainties are growing with regard to the final outcome of the legal process, according to the agency.
Progress of the Sevam bid continues to be delayed by legal processes, and considerable uncertainty exists, the agency noted.
© 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.