Attijari Bank - Ratings Lowered; Outlook Remains Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) of Attijari Bank (AB) to 'B-' from 'B' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. At the same time, CI Ratings has lowered AB's Bank Standalone Rating (BSR) to 'b-' from 'b'. The Outlook for the LT FCR and BSR remains Negative. AB'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, Attijari Bank)
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