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Thursday 24 June 2021
HomeNewsTunisia: Fitch Affirms ATB’s IDRs; upgrades Outlook to Stable

Tunisia: Fitch Affirms ATB’s IDRs; upgrades Outlook to Stable

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.

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