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Wednesday 23 June 2021
HomeNewsTunisia- Fitch affirms Tunisie Factoring TF, UF ratings

Tunisia- Fitch affirms Tunisie Factoring TF, UF ratings

Fitch Ratings has affirmed Tunisie Factoring’s (TF) National Long-term rating at ‘BBB(tun)’ and Union de Factoring’s (UF) National Long-term rating at ‘BB(tun)’. The Outlooks on both ratings are Stable.

The affirmations follow a full review of Tunisian leasing and factoring companies’ National Ratings. National Ratings reflect the creditworthiness of an issuer relative to the best credit and to peers in the country. The affirmation of TF’s and UF’s National Ratings reflects Fitch’s unchanged view on funding, liquidity, asset quality, performance, capital adequacy, and corporate governance of these factoring companies relative to peers.

The rating actions are as follows:

TF

National Long-term rating: affirmed at ‘BBB(tun)’; Outlook Stable. National Short-term rating: affirmed at ‘F3(tun)’

UF

National Long-term rating: affirmed at ‘BB(tun)’; Outlook Stable. National Short-term rating: affirmed at ‘B(tun)’. National Senior unsecured debt rating: affirmed at ‘BB(tun)’

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