REG - Turkiye Is Bankasi - Regarding the Credit Ratings <Origin Href="QuoteRef">ISCTR.IS</Origin>

Turkiye Is Bankasi ASAnnouncement

03/02/2017 15:15

RNS Number : 0282W
Turkiye Is Bankasi
03 February 2017
Regarding the Credit Ratings
International credit rating agency Fitch Ratings revised credit ratings of 18 Turkish Banks, including Isbank, pursuant to the downgrade of Turkish sovereign rating, on 27 January 2017. 
The agency downgraded Isbank's Long Term Local Currency and Foreign Currency Issuer Default Ratings to BB+ from BBB-, Short Term Local Currency and Foreign Currency Issuer Default Ratings to B from F3, Support Rating to 4 from 3, Viability Rating to bb+ from bbb-, Senior Unsecured Notes to BB+ from BBB-, Subordinated Debt Notes to BB from BB+ and affirmed National Long Term Rating. Outlooks assigned to Long Term Local Currency and Foreign Currency Issuer Default Ratings and National Long Term Rating have been determined as "Stable".
The list including the current ratings given to Isbank by Fitch Ratings is as follows:
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+
Support Rating: 4
Support Rating Floor: B+
Senior Unsecured Notes: BB+
Subordinated Debt Notes: BB

This information is provided by RNS
The company news service from the London Stock Exchange
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