Fitch Ratings Changed Isbank's Ratings

Fitch Ratings Changed Isbank's Ratings 

On 24 June 2014, the international credit rating agency Fitch Ratings downgraded Isbank's Long Term Local Currency and Foreign Currency Issuer Default Ratings to BBB- from BBB, National Long Term Rating toAA+(tur) from AAA(tur), Viability Rating to bbb- from bbb, Senior Unsecured Notes to BBB- from BBB, Subordinated Debt Notes to BB+ from BBB- and affirmed the other ratings. Outlooks assigned to Long Term Local Currency and Foreign Currency Issuer Default Ratings and National Long Term Rating have been determined as Stable.

The list including the current ratings given to Isbank by Fitch Ratings is as follows:

Long Term Foreign Currency Issuer Default Rating: BBB-

Long Term Foreign Currency Issuer Default Rating Outlook: Stable

Long Term Local Currency Issuer Default Rating: BBB-

Long Term Local Currency Issuer Default Rating Outlook: Stable

Short Term Foreign Currency Issuer Default Rating: F3

Short Term Local Currency Issuer Default Rating: F3

National Long Term Rating: AA+(tur)

National Long Term Rating Outlook: Stable

Viability Rating: bbb-

Support Rating: 3

Support Rating Floor: BB+

Senior Unsecured Notes: BBB-

Subordinated Debt Notes: BB+