Capital Intelligence (CI) has maintained the ratings of Attijari Bank (AB), based in Tunis, Tunisia.
AB’s Financial Strength Rating (FSR) is affirmed at ‘BB’, supported by better than average liquidity, sound profitability, and adequate capital. It is constrained by low provisioning coverage.
Attijari Bank’s Long-Term Foreign Currency Rating (FCR) is maintained at ‘BB’ and the Short-Term FCR is affirmed at ‘B’.
The Outlook for both the Foreign Currency Ratings and the FSR is ‘Stable’. The Support Rating is maintained at ‘3’, based on the support of the Moroccan parent – Attijariwafa Bank – and the opinion that further support, if needed in the future, would be forthcoming.