Ban que de Tunisie – Ratings Affirmed

Ref: TN 0 0 3 2 3 CRA00- 01 2 4 Octob er 202 4

Ban que de Tunisie – 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 de Tunisie ( B T ) at ‘C + ’ and ‘C’, respectively . The Outlook for the LT FCR re mains Negative. At the same time, CI Ratings has also affirmed B T ’s Bank Standalone Rating (BSR) of ‘ c ’ , Core Financial Strength (CFS) rating of ‘b b- ’ , and Extraordinary Support Level (ESL) of Moderate.

BT’s LT FCR and BSR are constrained by CI’s internal assessment of sovereign credit risk for Tunisia. The N egative Outlook for the LT FCR is in line with CI’s internal assessment of sovereign risk for Tunisia and reflects the continued very challenging operating…