Ban que Centrale Populaire – Ratings Affirmed

Ref: MA 00 7 2 1 CRA00- 01 11 Aug ust 202 2

Ban que Centrale Populaire – 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 Banque Centrale Populaire (BCP) at ‘BB+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed BCP’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 Bank’s LT FCR above the BSR is based on an Extraordinary Support Level ( ESL ) of High. This indicates the high likelihood of the Bank receiving extraordinary support from the authorities in view of its shareholder base and, inter-alia, its classification in domestic law as a strategically important…