Capital Intelligence (CI), a credit analysis and ratings provider, has announced that Banque Internationale Arabe de Tunisie (BIAT) was given the rating 'BB', reported African Manager.

The Bank’s Financial Strength Rating (FSR) was backed by its good liquidity profile with a sector-high level of customer deposits, a sound base of liquid assets, improved and sound profitability, and increased loan loss coverage.

Moreover, the FSR’s outlook was confirmed 'stable'; limited by low capital position and higher non-performing loans (NPLs) to date.

According to African Manager, BIAT's Foreign Currency Ratings (FCRs) continue to be at 'BB' Long-Term and 'B' Short-Term. Moreover, the FCRs’ Outlook remains at 'Stable'.

Furthermore, the Support Rating is lifted to '3' from '4', reflecting its leading position in terms of assets and customer deposits in Tunisia, and likely official support in case of need.