Arab Tunisian Bank – Ratings Affirmed with a Stable Outlook

Ref: TN 0 0 6 1 9 CRA00- 01 1 4 Dec em ber 2020

Arab Tunisian Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the L ong-Term Foreign Currency Rating (LT FCR ) and Short-Term Foreign Currency (S T FCR ) of Arab Tunisian Bank ( A TB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed ATB ’s B ank S tandalone R ating (BSR) of ‘b’, C ore F inancial S trength (CFS) rating of ‘b b- ’ and E xtraordinary Support Level (E SL ) of Moderate. The Outlook for the ratings remains Stable.

ATB’s LT FCR is set one notch above the BSR due to the moderate likelihood of the Bank receiving extraordinary support from Arab Bank plc in the event of need. ATB is a subsidiary of Arab Bank plc – a reasonably large financial institution in Jordan mainly operating across the MENA region. The Bank’s parent …