Ban que Centrale Populaire – Ratings Affirmed

Ref: MA 00 7 2 2 CRA00- 01 11 August 202 3

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 (B CP ) 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 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 company in Morocco, as well as its…