Credit Rating

Turkiye Is Bankasi

17 September 2024

 

Credit Rating

International credit rating agency Fitch Ratings upgraded Isbank's Long-Term Foreign Currency Issuer Default Rating to "BB-" from "B" with a two-notch increase, Long-Term Local Currency Issuer Default Rating to "BB-" from "B+" with a one-notch increase, Viability Rating to "bb-" from "b+" and Subordinated Debt Rating to "B" from "B-", subsequent to the changes of Turkish Sovereign Rating and its Outlook on 6 September 2024. Fitch affirmed Short-Term Foreign Currency Issuer Default Rating and Short-Term Local Currency Issuer Default Rating. The outlooks assigned to Isbank's Long Term Foreign Currency and Long-Term Local Currency Ratings are defined as "Stable".

The current version of our bank's ratings are given below

Long-Term Foreign Currency Issuer Default Rating / Outlook: BB- / Stable

Long-Term Local Currency Issuer Default Rating / Outlook: BB- / Stable

Short-Term Foreign Currency Issuer Default Rating: B

Short-Term Local Currency Issuer Default Rating: B

National Long Term Rating / Outlook: AA-(tur) / Stable

Viability Rating: bb-

Long-Term Senior Unsecured Notes: BB-

Short-Term Senior Unsecured Notes: B

Subordinated Debt: B

 

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