Fitch reaffirms CIH Bank's strong creditworthiness with stable outlook

Fitch Ratings on Monday affirmed CIH Bank's long-term Issuer Default Ratings (IDRs) in both foreign and local currencies at «BB» with a stable outlook. This confirms the consistent financial fundamentals of the Moroccan bank, according to a press release.

Additionally, Fitch confirmed and maintained the bank's short-term National Rating at «F1+» and the long-term National Rating at «AA-» with a stable outlook.

The press release highlights CIH Bank's multi-year strategy of diversifying its activities into business financing to support national economic growth and major infrastructure projects. This approach has led to diversified revenue streams and a prudent provisioning policy, contributing to the bank's strong creditworthiness.