Fitch has affirmed Arab Tunisian Bank’s (ATB) Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB’ and ‘BB+’ respectively, the ratings agency announced on Wednesday.
The Outlook on ATB’s Long-term foreign currency IDR has been revised to Stable from Negative, it said.
The Outlook on ATB’s long-term local currency IDR remains Negative. The rating actions follow Fitch’s decision dated March 27 to revise the Outlook on Tunisia’s long-term foreign currency IDRs to Stable from Negative.