Banque Marocaine pour le Commerce et l’Industrie – Ratings Affirmed
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Ref: MA 0 0 6 2 1 CRA00- 01 31 Aug ust 202 2
Banque Marocaine pour le Commerce et l’Industrie – 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 Marocaine pour le Commerce et l’Industrie (BMCI) at ‘BBB-’ and ‘A3’, respectively. At the same time, CI R atings has affirmed BMCI’s Bank Standalone Rating ( BSR ) and Core Financial Strength ( CFS ) rating at ‘bb’ . The O utlook for the LT FCR and BSR remains Stable.
The LT FCR incorporates two notches of uplift above its BSR. The uplift reflects our assessment of the high likelihood of extraordinary support, if needed, from the Bank’s strong majority shareholder, France’s BNP Paribas (BNPP). CI believes that BNPP has the financial capacity to provide support…