Banque Internationale Arabe de Tunisie – Ratings Affirmed with a Stable Outlook
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Ref: TN 0 0 2 1 9 CRA00- 01 24 Novem ber 2020
Banque Internationale Arabe de Tunisie – Ratings Affirmed with a Stable Outlook
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 ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed BIAT’s Bank Standalone Rating ( BSR ) of ‘b+’ and Core Financial Strength ( CFS ) rating of ‘ bb’. The Outlook for the LT FCR and BSR remains Stable.
The Bank’s LT FCR is at the same level as the BSR and is constrained by CI’s internal assessment of sovereign credit risk for Tunisia. BIAT’s FCRs reflect its financial credit strengths of strong profitability, a dominant franchise as the largest bank in Tunisia, relatively good loan asset…