Societe Tunisienne de Banque – Ratings Affirmed

Ref: TN 0 0 4 2 3 CRA00- 01 18 Octob er 202 4

Soci e t e Tunisienne de Banque – 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 Soci e t e Tunisienne de Banque (STB) at ‘C + ’ and ‘C’, respectively . The Outlook for the LT FCR re mains Negative. At the same time, CI Ratings has affirmed STB ’s Bank Standalone Rating (BSR) of ‘ c ’ , Core Financial Strength (CFS) rating of ‘b’ and Extraordinary Support Level (ESL) of Moderate.

STB’s LT FCR is constrained by CI’s internal assessment of sovereign credit risk for Tunisia. The N egative Outlook for STB’s FCRs is in line with CI’s internal assessment of sovereign risk for Tunisia, reflecting the continued very challenging operating…