Fitch affirms Orascom Telecom

Fitch Ratings said it affirmed Orascom Telecom Tunisie's long-term foreign- and local-currency issuer default ratings at BBB-, along with its national long-term rating at A+(tun).

The outlook is stable.

The ratings reflect the company's robust free cash flow generation and strong credit metrics compared with peers in the Middle East and North Africa, Fitch said.

But its high operating profitability and leading position in the Tunisian market may come under some pressure from intensified competition of a third new mobile operator, the agency said.

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