In a press release made public by the rating agency, Fitch Ratings has affirmed Arab Tunisian Bank’s (ATB) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Outlooks remain Negative. Fitch also affirmed the bannk’s Viability Rating (VR) at ‘b-‘, Support Rating at ‘3’ and National Long-Term Rating at ‘AA+(tun)’ with a Stable Outlook.
The Negative Outlook reflects the Outlook on Tunisia’s ‘B+’ sovereign rating. A downgrade of the sovereign rating would be likely to trigger a revision of the ‘BB-‘ Country Ceiling, forcing a downgrade of ATB’s Long-Term IDRs.