RNS Number : 3373Z
Turkiye Is Bankasi
17 September 2020
International credit rating agency Moody's downgraded İşbank's Long Term Foreign Currency Deposit Rating to Caa1 from B3, pursuant to the downgrade of Turkish Sovereign Rating on 11 September 2020. Outlook assigned to the aforementioned rating was determined as Negative.
The list of the current ratings assigned to İşbank by Moody's is as follows:
Long-Term Foreign Currency Deposit Rating / Outlook: Caa1 / Negative
Long-Term Local Currency Deposit Rating / Outlook: B3 / Negative
Short-Term Local Currency / Foreign Currency Deposit Rating: Not-Prime
Senior Unsecured Debt Rating / Outlook: B3 / Negative
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