Fitch Ratings upgraded Isbank's ratings

14.12.2012Fitch Ratings upgraded Isbank's ratings

The international credit rating agency Fitch Ratings upgraded/affirmed Isbank's ratings and related outlooks as follows:Long-term Foreign and Local Currency IDR upgraded to BBB from BBB-; assigned "Stable" outlook.Short-term Foreign and Local Currency IDR affirmed at F3.National Long-term rating affirmed at AAA(tur) with "Stable" outlook.Viability rating upgraded to bbb from bbb-.Support rating affirmed at 3.Support Rating Floor revised to BB+ from BB.

Senior unsecured debt upgraded to BBB from BBB-.

Subordinated debt upgraded to BBB- from BB+.In the disclosure made by Fitch Ratings, it was stated that the aforementioned upgrades reflected the reduced near-term risks for the Turkish economy.