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Saturday 19 June 2021
HomeNewsTunisia: Fitch downgrades Tunisiana to 'BB'; outlook negative

Tunisia: Fitch downgrades Tunisiana to ‘BB’; outlook negative

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.

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