Arab Tunisian Bank – Ratings Affirmed

Ref: TN 0 06 2 3 CRA00- 01 2 4 Octob er 202 4

A rab Tunisian Bank – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating ( ST FCR ) of A rab Tunisian Bank ( A T B ) at ‘C + ’ and ‘C’, respectively . The Outlook for the LT FCR re mains Negative. At the same time, CI Ratings has also affirmed A T B ’s Bank Standalone Rating (BSR) of ‘ c ’ , Core Financial Strength (CFS) rating of ‘b’ and Extraordinary Support Level (ESL) of Moderate.

ATB’s LT FCR and BSR are constrained by CI’s internal assessment of sovereign credit risk for Tunisia. The N egative Outlook for the LT FCR is in line with CI’s internal assessment of sovereign risk for Tunisia, reflecting the continued very challenging operating…