Amen Bank – Ratings Affirmed
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Summary
Ref: TN 0 0 9 2 3 CRA00- 01 1 November 202 4
Amen 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 Amen Bank ( Amen ) at ‘C + ’ and ‘C’, respectivel y. The Outlook for the LT FCR re mains Negative. At the same time, CI Ratings has affirmed Amen ’s Bank Standalone Rating (BSR) of ‘ c ’ , Core Financial Strength (CFS) rating of ‘b + ’ , and Extraordinary Support Level (ESL) of Uncertain .
Amen’s LT FCR and BSR are constrained by CI’s internal assessment of sovereign credit risk for Tunisia. The N egative Outlook for Amen’s FCRs is in line with CI’s internal assessment of sovereign risk for Tunisia, reflecting the continued very challenging operating environment and economy….