Union Bancaire pour le Commerce et I’Industrie – R atings A ffirmed
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Ref: TN 010 2 3 CRA00- 01 1 7 Octo ber 202 4
Union Bancaire pour le Commerce et I’Industrie – R atings A ffirmed
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 Union Bancaire pour le Commerce et I’Industrie (UBCI) at ‘C + ’ and ‘C ’, respectively . The Outlook for the LT FCR remains Negative. At the same time, CI Ratings has affirmed UBCI’s Bank Standalone Rating ( BSR) of ‘ c ’ , Core Financial Strength ( CFS) rating of ‘b+’ and Extraordinary Support Level (ESL) of Uncertain .
UBCI’s LT FCR is constrained by CI’s internal assessment of sovereign credit risk for Tunisia. The N egative Outlook for UBCI’s FCRs is in line with CI’s internal assessment of sovereign risk for Tunisia, reflecting…