Attijariwafa Bank – Ratings Affirmed

Ref: MA 00 1 2 3 CRA00- 01 2 6 July 202 4

Attijariwafa 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 Attijariwafa Bank (AWB) at ‘BB+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AWB’s Bank Standalone Rating ( BSR ) at ‘bb’, and the Core Financial Strength ( CFS ) rating at ‘bb+’. The Outlook for the LT FCR and BSR remains Stable.

The one-notch uplift of the LT FCR above the BSR reflects an Extraordinary Support Level ( ESL ) of High. This indicates the high likelihood of the Bank receiving extraordinary support from the Moroccan government in case of need. AWB has a leading market position in the Moroccan banking sector and is the largest bank by total assets, together with…