36.9 C
Tunisia
Tuesday 22 June 2021
HomeNewsTunisia: National ratings of 4 companies revised by Fitch

Tunisia: National ratings of 4 companies revised by Fitch

Fitch Ratings has revised the National ratings of four Tunisian issuers following a recalibration of the Tunisian National scale. The affected issuers are Entreprise Tunisienne d’Activites Petrolieres (ETAP), Compagnie des Phosphates de Gafsa (CPG), Groupe Chimique Tunisien (GCT) and Tunisiana SA. The recalibration of the Tunisian National scale follows Fitch’s downgrade of Tunisia’s sovereign rating and country ceiling to ‘BB+’/Negative and to ‘BBB-‘, respectively. Affected issuers:

Entreprise Tunisienne d’Activites Petrolieres (ETAP) Long-term National Rating revised to ‘AA-(tun)’/Negative. Short-term rating unchanged at ‘F1+(tun)’.

Compagnie des Phosphates de Gafsa (CPG) Long-term National Rating revised to ‘A+(tun)’/Negative. Short-term rating revised to ‘F1(tun)’.

Groupe Chimique Tunisien (GCT) Long-term National Rating revised to ‘A+(tun)’/Negative. Short-term rating revised to ‘F1(tun)’.

Tunisiana SA Long-term National Rating revised to ‘AA(tun)’/Stable.

Unaffected issuers:

Societe des Ciments d’Enfidha (SCE) Long-term National Rating and Short-term National Rating unchanged at ‘BBB(tun)’ and ‘F3(tun)’ respectively. The Stable Outlook is unchanged.

Servicom Long-term and Short-term National Ratings unchanged at ‘B(tun)’. The Stable Outlook is unchanged.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS