Fitch Ratings has downgraded Tunisiana SA’s Long-term foreign currency Issuer Default Rating (IDR) to ‘BB’ from ‘BBB-‘ and affirmed the local currency IDR at ‘BBB-‘. The Outlook on both IDRs is Negative. The National Long-term rating has been upgraded to ‘AAA(tun)’ from ‘AA(tun)’ with a Stable Outlook.
The rating actions follow Fitch’s downgrade of Tunisia’s sovereign rating to ‘BB-‘/Negative from ‘BB+’/Negative.
