Telnet Holding asked the national rating agency PBR Rating for an evaluation in order to obtain a financial rating.
The diagnosis allowed to measure the solvency and, more globally, the quality of the financial management of the holding.
At the end of the evaluation, the rating agency PBR Rating awarded Telnet Holding a rating (in local currency*) of A+(TUN); outlook positive, on a rating scale ranging from AAA to D.
This rating reflects a solid balance sheet position marked, in particular, by an important capacity of liquidity generation in a difficult local economic context, weakened by external impacts due to the COVID-19 crisis.
In addition, the rating report emphasized the growth prospects of Telnet’s activities through structural diversification strategies that will enable the Holding to further consolidate its operational and financial performance.
Telnet Holding is a reference technology player in Tunisia. It enjoys a strong notoriety with a clientele of international fame. The export orientation of the Holding (97,1% of the incomes of 2021) represents a real asset and an important lever of security with regard to the local economic situation.
Telnet Holding has a solvency ratio of 122.7% at the end of 2021, reflecting a good financial situation but also a significant capacity of repayment in the long term.
