t
On 18 March 2024, Fitch Ratings revised Turkiye Is Bankasi's (Isbank) Long Term Foreign Currency Credit Rating and Long-Term Senior Unsecured Notes to "B" from "B-", and its Long Term Foreign Currency Credit Rating outlook to "Positive" from "Stable". Fitch also affirmed Isbank's Short-Term Foreign Currency Rating, Short-Term Local Currency Rating, and Short-Term Senior Unsecured Notes Rating. Additionally, Fitch placed Isbank's Long-Term Local Currency Rating, Viability Rating, and Subordinated Debt Rating on Rating Watch Positive (RWP), subsequent to changes in the Turkish Sovereign Rating and its outlook on 8 March 2024.
| Date | 18 Mar 2024 |
| Time | 09:07:26 |
| Category | Miscellaneous |
| ID | 2222H |
Credit Rating
International credit rating agency Fitch Ratings revised the rating assigned to Isbank's Long Term Foreign Currency Credit Rating and Long-Term Senior Unsecured Notes to "B" from "B-" and outlook of Long Term Foreign Currency Credit Rating to "Positive" from "Stable", subsequent to the changes of Turkish Sovereign Rating and its outlook on 8 March 2024. Fitch affirmed Short-Term Foreign Currency Rating, Short-Term Local Currency Rating and Short-Term Senior Unsecured Notes Rating, while Long-Term Local Currency Rating, Viability Rating and Subordinated Debt Rating have been placed on Rating Watch Positive (RWP)
Long-Term Foreign Currency Issuer Default Rating / Outlook: B / Positive
Long-Term Local Currency Issuer Default Rating / Outlook: B / Rating Watch Positive (RWP)
Short-Term Foreign Currency Issuer Default Rating: B
Short-Term Local Currency Issuer Default Rating: B
National Long Term Rating / Outlook: A+(tur) / Stable
Viability Rating: b / Rating Watch Positive (RWP)
Long-Term Senior Unsecured Notes: B
Short-Term Senior Unsecured Notes: B
Subordinated Debt: CCC+ / Rating Watch Positive (RWP)