Banque Internationale Arabe de Tunisie – Ratings Affirmed

Ref: TN 0 02 2 3 CRA00- 01 1 7 Octo ber 202 4

Ban que Internationale Arabe de Tunisie – R atings A ffirmed

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 Internationale Arabe de Tunisie (BIAT) at ‘C + ’ and ‘C ’, respectively . The Outlook for the LT FCR remains Negative. At the same time, CI Ratings has affirmed BIAT ’s Bank Standalone Rating ( BSR) of ‘ c ’ , Core Financial Strength ( CFS) rating of ‘b b- ’ , and Extraordinary Support Level (ESL) of Moderate .

BIAT ’ s LT FCR is 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, reflecting the…