Fitch keeps Canado-Tunisienne Agroalimentaires on watch

Fitch Ratings said it has maintained Canado-Tunisienne des Activites Agroalimentaires' national long-term rating of CC(tun) on rating watch negative and placed the national short-term rating of C(tun) on watch.

The watch relates to the continued delay in the publication of the company's audited financial accounts for FYE08, the agency added.

While the company has been able to cover its liquidity requirements to date, uncertainties remain over the company's ability to fund its ongoing operational and investment needs, Fitch said.

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