Banque Internationale Arabe de Tunisie ’ s Ratings Downgraded; Outlook Revised to Negative from Stable
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Summary
Ref: TN 00 2 20 CRA00- 01 11 November 202 1
Banque Internationale Arabe de Tunisie ’ s Ratings Downgraded; Outlook Revised to Negative from Stable
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the L ong-Term Foreign Currency Rating (L T FCR ) of Banque Internationale Arabe de Tunisie (BIAT) to ‘ B ’ from ‘ B+ ’ , and affirmed the S hort-Term Foreign Currency Rating (S T FCR ) at ‘ B ’ . The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has lowered BIAT ’ s B ank Standalone Rating (B SR ) to ‘ b ’ from ‘ b+ ’ and r evised the BSR Outlook to Negative from Stable. The Bank ’ s C ore Financial Strength (C FS ) rating of ‘ bb ’ and E xtraordinary Support Level (E SL ) of Moderate have both been affirmed.
The change in BIAT ’ s LT FCR and BSR and the revision…