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On December 16, 2021, S&P Global Ratings revised the outlook assigned to Turkiye Is Bankasi's Long Term Local Currency and Foreign Currency Issuer Credit Ratings to Negative from Stable. The agency stated this revision mirrored the change of the outlook on Turkish Sovereign Rating to Negative from Stable on December 10, 2021. S&P Global Ratings affirmed Isbank's Long Term ratings as B+, its Short Term Local Currency and Foreign Currency Issuer Credit Ratings at B, Long Term National Scale Rating at trA+, and Short Term National Scale Rating at trA-1.
| Date | 16 Dec 2021 |
| Time | 13:57:43 |
| Category | Miscellaneous |
| ID | 9333V |
Credit Rating
International credit rating agency S&P Global Ratings revised the outlook assigned to Isbank's Long Term Local Currency and Foreign Currency Issuer Credit Ratings to Negative from Stable and affirmed the ratings as B+. The agency announced that the revision mirrors the change of the outlook on Turkish Sovereign Rating to Negative from Stable on 10 December 2021.
Besides, the agency affirmed the Bank's Short Term Local Currency and Foreign Currency Issuer Credit Ratings at B, Long Term National Scale Rating at trA+ and Short Term National Scale Rating at trA-1.