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Wednesday 23 June 2021
HomeNewsTunisia: Capital Intelligence affirms Amen Bank ratings

Tunisia: Capital Intelligence affirms Amen Bank ratings

Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed the Ratings of Amen Bank (Amen), based in Tunis, Tunisia.

Amen’s Long- and Short-Term Foreign Currency Ratings were maintained at ‘BB-‘ and ‘B’, respectively. The Financial Strength Rating (FSR) was affirmed at ‘BB-‘.

Ratings are supported by a currently adequate capital position. They are constrained by weak liquidity, and a high level of non-performing loans (NPLs).

However, all Ratings are maintained on a ‘Negative’ Outlook, due to the still significant challenges present in the operating environment, and possible deterioration in asset quality- which is particularly relevant to the FSR. The Support Rating is affirmed at ‘4’, reflecting a moderate level of support.

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