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Article: Fitch confirms Banque Tuniso-Koweitienne support rating at 2.
- Article from:
- ADP News Middle East & Africa
- Article date:
- November 25, 2008
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(ADP News) EoACAo Nov 25, 2008 - Fitch Ratings confirmed Monday the 2 support rating of Tunisia-based Banque Tuniso-Koweitienne (BTK).
The rating is motivated with the high likelihood of the bank being backed, if necessary, by French mutual bank Groupe Caisse d'Epargne (GCE), which holds the majority stake in it, Fitch said. BTK's capital is 60%-owned by Financiere OCEOR - which is wholly owned by GCE's central ...