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On June 13, 2024, international credit rating agency Fitch Ratings revised Turkiye Is Bankasi's Long-Term Local Currency Issuer Default Rating to "B+" from "B", National Long Term Rating to "AA-(tur)" from "A+(tur)", Viability Rating to "b+" from "b", and Subordinated Debt Rating to "B-" from "CCC+". Fitch affirmed the bank's Long-Term Foreign Currency, Short-Term Foreign Currency, and Short-Term Local Currency Issuer Default Ratings, and placed the outlooks on its Long-Term Foreign Currency and Long-Term Local Currency Ratings on "Positive".
| Date | 14 Jun 2024 |
| Time | 12:14:31 |
| Category | Miscellaneous |
| ID | 5428S |
Credit Rating
International credit rating agency Fitch Ratings revised the rating assigned to Isbank's Long-Term Local Currency Issuer Default Rating to "B+" from "B", National Long Term Rating to "AA-(tur)" from "A+(tur)", Viability Rating to "b+" from "b" and Subordinated Debt Rating to "B-" from "CCC+" on 13 June 2024. Fitch affirmed Long-Term Foreign Currency Issuer Default Rating, Short-Term Foreign Currency Issuer Default Rating and Short-Term Local Currency Issuer Default Rating. The outlooks assigned to Isbank's Long Term Foreign Currency and Long-Term Local Currency Ratings are placed on "Positive".
Long-Term Foreign Currency Issuer Default Rating / Outlook: B / Positive
Long-Term Local Currency Issuer Default Rating / Outlook: B+ / Positive
Short-Term Foreign Currency Issuer Default Rating: B
Short-Term Local Currency Issuer Default Rating: B
National Long Term Rating / Outlook: AA-(tur) / Stable
Viability Rating: b+
Long-Term Senior Unsecured Notes: B
Short-Term Senior Unsecured Notes: B
Subordinated Debt: B-