REG - Turkiye Is Bankasi - Credit Rating

Turkiye Is Bankasi ASAnnouncement

17/09/2024 16:30

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RNS Number : 5720E  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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