Capital Intelligence Ratings (CI) affirmed the ratings of Tunisia’s “Banque Internationale Arabe de Tunisie (BIAT)”.
BIAT’s Financial Strength Rating (FSR) is maintained at ‘BB’, supported by its solid liquidity profile with a sector-high level of customer deposits, as well as a sound base of liquid assets, and good profitability, the ratings agency said on Sunday.
It is constrained by a low capital position, high NPL ratio and a challenging operating environment. The Outlook for the FSR is ‘Stable’. BIAT’s Long- and Short-Term Foreign Currency Ratings are affirmed at ‘BB’ and ‘B’, respectively.
The Outlook for all ratings remains ‘Stable’. The Support Rating is affirmed at ‘3’, reflecting BIAT’s leading position in terms of assets and customer deposits in Tunisia and high likelihood of official support.
