Capital Intelligence Ratings Ltd.

10/17/2023 | Press release | Distributed by Public on 10/17/2023 07:57

Banque Internationale Arabe de Tunisie - Ratings Lowered; LT FCR Outlook Remains Negative

17 October 2023 | Country: Tunisia | Bank: Banque Internationale Arabe de Tunisie


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Banque Internationale Arabe de Tunisie (BIAT) to 'C+' and 'C', respectively, from 'B-' and 'B'. The Outlook for the LT FCR remains Negative. At the same time, CI Ratings has lowered BIAT's Bank Standalone Rating (BSR) by one notch to 'c', from 'b-', and the Core Financial Strength (CFS) rating to 'bb-' from 'bb'. The Extraordinary Support Level (ESL) of Moderate has been affirmed.


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