Moody’s Investors Service (“Moody’s”), on Thursday, confirmed the B2 local-currency deposit ratings of Amen Bank (Amen), Arab Tunisian Bank (ATB), Banque de Tunisie (BdT), Banque Internationale Arabe de Tunisie (BIAT) and the B3 local-currency deposit ratings of Société Tunisienne de Banque (STB).
Moody’s also changed the outlook on the long-term deposit ratings of all five banks to negative.
This rating action concludes the review on the Tunisian banks initiated on 23 April 2020 and follows Moody’s decision to confirm the B2 long-term issuer rating of the Tunisian government on 6 October 2020, it said.
