Banque de Tunisie - Ratings Lowered; Outlook Revised to Negative from Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Banque de Tunisie (BT) to 'B' from 'B+' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. The Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has lowered BT's Bank Standalone Rating (BSR) to 'b' from 'b+' and revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) rating of 'bb' and Extraordinary Support Level (ESL) of Moderate have both been affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Tunisia, Banque de Tunisie)
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