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Fitch Ratings revised the ratings of 25 Turkish banks, including Turkiye Is Bankasi (Isbank), subsequent to Turkiye's sovereign rating downgrade on 8 July 2022. Isbank's Long-Term Foreign Currency Issuer Default Rating was revised to B- from B, and its Long-Term Local Currency Issuer Default Rating to B from B+. Additionally, the Bank's Viability Rating was updated to b from b+, and the outlook on the aforementioned ratings was determined as Negative.
| Date | 27 Jul 2022 |
| Time | 12:54:56 |
| Category | Miscellaneous |
| ID | 9566T |
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+.