Announcement regarding Fitch Ratings
Announcement regarding Fitch Ratings
Fitch Credit Ratings has revised the Outlook on Turkey’s long term Issuer Default Ratings(IDRs) to “Negative” from “Stable” on December 2, 2021 and affirmed the IDRs at “BB-“ rating. Following this revision, Fitch Ratings has also revised the Bank’s long term local currency and foreign currency IDR outlooks to “Negative” from “Stable” on December 10, 2021. Bank's current ratings are as follows.
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Current Ratings
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Long Term FC IDR
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B+ / Negative Outlook
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Short Term FC IDR
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B
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Long Term TL IDR
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BB- / Negative Outlook
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Short Term TL IDR
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B
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Viability Rating
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b+
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Support
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4
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National Long Term Rating
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AA(tur)
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National Long Term Rating Outlook
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Negative
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Long term senior unsecured notes
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B+
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Short term senior unsecured notes
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B
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Subordinated notes
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B
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*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.