Announcement Regarding Fitch Ratings
Announcement Regarding Fitch Ratings
Announcement Regarding Fitch Ratings
Fitch Ratings revised the outlook on Turkey’s Sovereign Issuer Default Ratings to “Negative” from “Stable”.
Accordingly, Fitch revised outlooks on our Bank’s ratings to “Negative” from “Stable”. At the same time, Fitch affirmed the Bank’s Long Term Foreign Currency and Local Currency ratings at BBB, Short Term Foreign Currency and Local Currency ratings at F2, Viability rating at bbb- and Support rating at 2. Affirmation of the ratings reflects Fitch’s view that the main shareholder of our Bank continues to have a strong propensity to provide support, notwithstanding the change in sovereign outlook, given our Bank’s ownership
structure and integration.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.