Banque de Tunisie – Ratings Affirmed with a Stable Outlook
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Summary
Ref: TN 0 031 9 CRA00- 01 1 December 2020
Banque de Tunisie – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) has affirmed the L ong-Term Foreign Currency Rating (LT FCR ) and Short-Term Foreign Currency (S T FCR ) of Banque de Tunisie (BT) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed BT’s Bank Standalone Rating ( BSR ) of ‘b+’, Core Financial Strength ( CFS ) rating of ‘bb’ , and Extraordinary Support Level ( ESL ) of Moderate. The Outlook for the ratings remains Stable.
The Bank’s FCR is at the same level as the BSR and is constrained by CI’s internal assessment of sovereign credit risk for Tunisia. BT’s FCRs reflect its financial credit strengths of a strong profitability track record, good loan asset quality with a relatively low NPL ratio and strong loan-loss provision coverage, and satisfactory capital…