Fitch Ratings has affirmed Arab Tunisian Bank’s (ATB) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B+’. The Outlooks remain Negative. Fitch also affirmed the bank’s Viability Rating (VR) at ‘b-‘.
The Negative Outlook reflects the Outlook on Tunisia’s ‘B’ sovereign rating. A downgrade of the sovereign rating would likely trigger a revision of the ‘B+’ Country Ceiling, forcing a downgrade of ATB’s Long-Term IDRs, said the ratings agency.