REG - Turkiye Is Bankasi - Regarding the Credit Ratings

Turkiye Is Bankasi ASAnnouncement

08/06/2018 10:15

RNS Number : 7790Q
Turkiye Is Bankasi
08 June 2018
 


Regarding the Credit Ratings
International credit rating agency Moody's revised credit ratings of 17 Turkish banks, including İşbank, pursuant to placing Turkish government bond rating on review for downgrade on 1 June 2018.
 
The agency;

placed İşbank's Ba3 Long-Term Foreign Currency Deposit Rating on review for downgrade.
downgraded Long-Term Local Currency Deposit Rating and Foreign Currency Issuer Rating from Ba2 to Ba3 and placed the aforementioned ratings on review for further downgrade.
affirmed Short-Term Foreign Currency and Local Currency Deposit Rating at NP.
downgraded Foreign Currency and Local Currency MTN Rating from (P)Ba2 to (P)Ba3 and Foreign Currency Subordinated Debt Rating from B1/B2(hyb) to B2/B3(hyb).

 




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