Fitch Affirms 2 Tunisian Factoring Companies

(The following statement was released by the rating agency) LONDON/MILAN/PARIS, February 12 (Fitch) Fitch Ratings has affirmed Tunisie Factoring's (TF) National Long-term rating at 'BBB(tun)' and Union de Factoring's (UF) National Long-term rating at 'BB(tun)'. The Outlooks on both National Long-term ratings are Stable. A full list of ratings actions is provided at the end of this rating action commentary.

Fitch affirms Unifactor

Fitch Ratings has affirmed Union de Factoring's (Unifactor) National Long-term rating at 'BB(tun)' with a Stable Outlook and National Short-term rating at 'B(tun)'.

Fitch affirms Tunisie Factoring at BBB rating

Fitch Ratings has affirmed Tunisie Factoring's (TF) National Long-term rating at 'BBB(tun)' and Short-term rating at 'F3(tun)'. The Outlook for the National Long-term rating is Stable.

After the revolution

Issam Haddad, Commercial Director at Union de Factoring and Mohamed Bouraoui, CEO of Tunisie Factoring, discuss business and the economy in Tunisia in the months following the revolution.

New player on Tunisian factoring scene

Tunisian business group Poulina have entered the country s factoring market by launching the Medfactor Group. The Group, with 10 million TD of capital, will specialise in establishing and managing factoring businesses.