Fitch Ratings has affirmed Tunisiana SA’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BBB-”. The Outlook on both ratings was revised to Negative from Stable.
The rating actions follow Fitch’s downgrade of Tunisia’s sovereign rating and Country Ceiling to ‘BB+’/Negative and to ‘BBB-‘, respectively.
The agency expects to review Tunisiana’s National Rating shortly.
