Fitch Ratings has affirmed Tunisie Factoring’s (TF) and Union de Factoring’s (UF) National Long-term Ratings at ‘BBB(tun)’ and ‘BB(tun)’, respectively, the rating agency said in a statement Tuesday.
The Outlooks on both national long-term ratings are stable, it added.
Fitch said the rating actions follow a periodic review of Tunisian factoring companies’ National Ratings. National Ratings reflect the creditworthiness of an issuer relative to the best credit and to peers in the country.
