Arab Tunisian Bank - Ratings Downgraded; 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 Arab Tunisian Bank (ATB) to 'B-', from 'B' and affirmed the Short-Term Foreign Currency Rating (ST FCR) at 'B'. The Outlook for the LT FCR remains Negative. At the same time, CI Ratings has lowered ATB's Bank Standalone Rating (BSR) to 'b-', from 'b', with a Negative Outlook. The Bank's Core Financial Strength (CFS) rating has also been lowered to 'b+' from of 'bb-'. The ESL of Moderate has been affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Tunisia, Arab Tunisian Bank)
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