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Fitch affirms Modern Leasing
Fitch Ratings said it affirmed Modern Leasing's national long-term rating at A-(tun) and short-term rating at F2(tun).
The outlook is stable.
The ratings reflect the support that may be forthcoming, in case of need, from its majority shareholder, Banque de l'Habitat, which directly and indirectly controls 74% of the company's capital, Fitch said.
The support is considered only moderate as Banque de l'Habitat's ability to support its subsidiary could be limited, the agency said.
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