RNS Number : 4313I
Turkiye Is Bankasi
11 December 2020
Moody's Rating Action
International credit rating agency Moody's upgraded İşbank's Long Term Foreign Currency Deposit Rating to B3 from Caa1. Outlook assigned to the aforementioned rating was determined as Negative.
The agency announced that the rating action was driven by change in the country ceiling, following the publication of Moody's updated Country Ceilings Methodology on 7 December 2020.
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