Amen 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) and Bank Standalone Rating (BSR) of Amen Bank (Amen) to 'B-' and 'b-', respectively, from 'B' and 'b'. The Outlook for the LT FCR and BSR remains Negative. At the same time, CI Ratings has affirmed the Bank's Short-Term Foreign Currency Rating (ST FCR) of 'B', Core Financial Strength (CFS) rating of 'bb-', and Extraordinary Support Level (ESL) of Uncertain.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Tunisia, Amen Bank)
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