Tunisia: Moody’s Downgrades Four Tunisian Banks’ Ratings, Confirms One

Tunis/Tunisia — Moody’s Investors Service on Tuesday downgraded to Caa2 from Caa1 the long-term bank deposit ratings of Amen Bank, Banque de Tunisie (BT), Banque Internationale Arabe de Tunisie (BIAT) and Societe Tunisienne de Banque (STB).

Concurrently, Moody’s has confirmed at Caa1 the long-term bank deposit ratings of Arab Tunisian Bank (ATB). Moody’s also changed the outlook to negative from rating under review on the long-term bank deposit ratings of all five Tunisian rated banks.