Fitch affirms Internationale de Leasing

Fitch Ratings said it affirmed Compagnie Internationale de Leasing's national long-term rating at BBB(tun) and national short-term rating at F3(tun).

The outlook is stable.

The ratings reflect the company's sound profitability and improving asset quality, Fitch said.

They also take into account tight liquidity, high concentration in its credit portfolio and weak and declining tier 1 ratio, the agency said.

Fitch said it is concerned by the weakening of the company's solvency ratio given the concentration of its assets and its fragile operating environment.

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