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On 24 July 2024, international credit rating agency Moody's upgraded Turkiye Is Bankasi's (Isbank) Long Term Foreign Currency and Local Currency Deposit Ratings. These ratings were raised by two notches from "B3" to "B1", subsequent to the upgrade of the Turkish Sovereign Rating on 19 July 2024.
| Date | 24 Jul 2024 |
| Time | 08:59:50 |
| Category | Miscellaneous |
| ID | 6409X |
Credit Rating
International credit rating agency Moody's upgraded Isbank's Long Term Foreign Currency and Local Currency Deposit Ratings from "B3" to "B1", by two notch, subsequent to the ugrade of Turkish Sovereign Rating on 19 July 2024.
Isbank's current credit ratings are provided below :
Long Term Bank Deposit Foreign Currency: B1/Positive
Short Term Bank Deposit Foreign Currency: Not-Prime
Long Term Bank Deposit Local Currency: B1/Positive
Short Term Bank Deposit Local Currency: Not-Prime
Senior Unsecured Debt Rating (MTN) (Foreign): B1
Baseline Credit Assessment: b2
Subordinated Debt Rating: Caa1(hyb)