RNS Number : 4710V
Turkiye Is Bankasi
13 December 2021
Credit Rating
International credit rating agency Fitch Ratings revised the outlook assigned to Isbank's Long Term Local Currency Issuer Default Rating to Negative from Stable and affirmed the rating as B+. The agency announced that the revision was made subsequent to the change of the outlook on Turkish Sovereign Rating to Negative from Stable on 2 December 2021. Fitch Ratings affirmed the Bank's Short Term Local Currency Issuer Default Rating at B and National Long Term Rating at A+(tur) with a Stable outlook.
Besides, the agency announced that, following the withdrawal of Support Rating and Support Rating Floor pursuant to its updated Bank Rating Criteria, Government Support Rating has been assigned to the Bank and defined as b-.
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