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Turkiye Is Bankasi (TIBD)

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Monday 12 March, 2018

Turkiye Is Bankasi

Regarding the Credit Ratings

RNS Number : 4289H
Turkiye Is Bankasi
12 March 2018
 

Moody's Rating Action

 

International credit rating agency Moody's revised credit ratings of 14 Turkish banks, including İşbank, pursuant to the downgrade of Turkish sovereign rating, on 7 March 2018.

The agency announced that the Long-Term Local Currency and Foreign Currency Issuer and Long-Term Local Currency Deposit Ratings of İşbank were downgraded to Ba2 from Ba1. The Bank's Long-Term Foreign Currency Deposit Rating, which was constrained by sovereign ceiling, was downgraded to Ba3 from Ba2. Outlooks assigned to the aforementioned ratings have been determined as Negative. Short Term Local Currency and Foreign Currency Deposit Ratings were affirmed at Not-Prime.

The list of the current ratings assigned to İşbank by Moody's is as follows:

Long-Term Foreign Currency Issuer Rating / Outlook: Ba2 / Negative

Long-Term Foreign Currency Deposit Rating / Outlook: Ba3 / Negative

Long-Term Local Currency Deposit Rating / Outlook: Ba2 / Negative

Short-Term Foreign Currency / Local Currency Deposit Rating: Not-Prime / Not-Prime

 


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