Attijari Bank – Ratings Affirmed
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Summary
Ref: TN 0 1 5 2 3 CRA00- 01 2 1 Octob er 202 4
Attijari 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 Attijari Bank ( AB ) at ‘C + ’ and ‘C’, respectively . The Outlook for the LT FCR re mains Negative. At the same time, CI Ratings has affirmed AB ’s Bank Standalone Rating (BSR) of ‘ c ’ , Core Financial Strength (CFS) rating of ‘b b- ’ and Extraordinary Support Level (ESL) of Moderate.
AB’s LT FCR is constrained by CI’s internal assessment of sovereign credit risk for Tunisia. The N egative Outlook for AB’s FCRs is in line with CI’s internal assessment of sovereign risk for Tunisia, reflecting the continued very challenging operating environment and economy. The…