According to Cpscl, this note is “the result of a policy of rationalization of local investments and proper use of the resources made available to the fund, as well as compliance with financial obligations within the deadlines”.
Fitch Ratings has affirmed the national long-term rating of the Local Authority Loans and Support Fund (Cpscl) at AA (tun) with a stable outlook, the fund said yesterday.
The rating agency also confirmed in a press release published on October 25 the national short-term rating of F1+ (Tuna) for this non-administrative public company, which it considers to be an entity linked to the Tunisian government.
According to Cpscl, this note is “the result of a policy of rationalization of local investments and proper use of the resources made available to the fund, as well as compliance with financial obligations within the deadlines”.
Cpscl believes that this rating could be improved and that it is one of the best achieved by banks and public companies in Tunisia.
The Local Government Loan and Support Fund (Cpscl) is, among other missions, responsible for collecting the necessary resources to contribute to the financing of local government investment programs, providing technical assistance to local government at the level of identification, investigation, implementation and monitoring of their investment projects and to assist the local authorities with the correct management of their resources.
