TEXT-Fitch cuts Tunisia's SIAME to 'B'(tun); outlook negative


(The following statement was released by the ratings agency) July 31 - Fitch Ratings has today downgraded Societe Industrielle d'Appareillage et de Materiels Electriques's (SIAME) National Long-term rating to 'B(tun)' from 'BB-(tun)'. The Outlook on the Long-term rating has been revised to Negative from Stable. The National Short-term rating has been affirmed at 'B(tun)'. The downgrade reflects that, contrary to Fitch's expectations of some stabilization, SIAME's operational and financial ...

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