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Bank Industry Risk Analysis: Tunisia (Republic of) Mar 06
Standard & Poors, March 2006
Abstract
Stable macroeconomic environment, and Supportive regulatory authorities. Fragmented banking system, Asset quality problems, and Weak financial performance and capitalization. The banking system of the Republic of Tunisia (foreign currency BBB/Stable/A-3; local currency A/Stable/A-1) remains characterized by a weak financial profile, particularly for public sector banks, despite a stable macroeconomic environment and consistent recovery in GDP growth after the sharp slowdown of 2002. Standard & Poor's Ratings Services expects the banking system's fundamentals to remain weak, as banks remain saddled with doubtful loans and the government retains control over a number of banks that together represent almost one-half of the system's assets. The structural asset quality problems of Tunisian banks partly reflect the high economic risk present in the domestic economy,...
Companies mentioned in this report are: BNP Paribas,Societe Generale,Credit Industriel et Commercial,Tunisia (Republic of),Banco Santander S.A.,Arab Tunisian Bank,Banque de l'Habitat,Societe Tunisienne de Banque (Unsolicited Ratings),Attijariwafa Bank
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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