Credit Rating

Turkiye Is Bankasi

18 March 2024

 

Credit Rating

International credit rating agency Fitch Ratings revised the rating assigned to Isbank's Long Term Foreign Currency Credit Rating and Long-Term Senior Unsecured Notes to "B" from "B-" and outlook of Long Term Foreign Currency Credit Rating to "Positive" from "Stable", subsequent to the changes of Turkish Sovereign Rating and its outlook on 8 March 2024. Fitch affirmed Short-Term Foreign Currency Rating, Short-Term Local Currency Rating and Short-Term Senior Unsecured Notes Rating, while Long-Term Local Currency Rating, Viability Rating and Subordinated Debt Rating have been placed on Rating Watch Positive (RWP)

Long-Term Foreign Currency Issuer Default Rating / Outlook: B / Positive

Long-Term Local Currency Issuer Default Rating / Outlook: B / Rating Watch Positive (RWP)

Short-Term Foreign Currency Issuer Default Rating: B

Short-Term Local Currency Issuer Default Rating: B

National Long Term Rating / Outlook: A+(tur) / Stable

Viability Rating: b / Rating Watch Positive (RWP)

Long-Term Senior Unsecured Notes: B

Short-Term Senior Unsecured Notes: B

Subordinated Debt: CCC+ / Rating Watch Positive (RWP)

 

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