RNS Number : 9566T
Turkiye Is Bankasi
27 July 2022
Credit Rating
International credit rating agency Fitch Ratings revised the ratings of 25 Turkish banks including Isbank, subsequent to the downgrade of Turkiye's sovereign rating on 8 July 2022.
The agency revised Isbank's Long-Term Foreign Currency Issuer Default Rating to B- from B, Long-Term Local Currency Issuer Default Rating to B from B+; the outlook on the aforementioned ratings was determined as Negative. Besides, the agency updated the Bank's Viability Rating to b from b+.
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