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Thursday 23 September 2021
HomeNewsTunisia: Fitch upgrades Hannibal Lease's rating to 'BB’ outlook stable

Tunisia: Fitch upgrades Hannibal Lease’s rating to ‘BB’ outlook stable

Fitch Ratings has upgraded Hannibal Lease’s (HL) National Long-term Rating to ‘BB(tun)’ from ‘BB-(tun)’. The outlook is stable.

The upgrade of HL’s National Long-term and senior debt ratings reflects an improvement in capital ratios and asset quality over the last two years, which helped reduce HL’s net exposure to credit risk.

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