Moody's Revised Isbank's Ratings

International credit rating agency, Moody's, upgraded Isbank's Bank Financial Strength rating to "C-" from "D+". According to the disclosure made by the agency, the upgrade of the stand-alone rating, which measures a bank's intrinsic financial strength, without benefit given for the potential of outside support, reflects the Bank's strengthening financial fundamentals and earnings resilience in the midst of the global recession.

Moody's downgraded the Bank's Long-term Local Currency Deposit rating to "Baa2" with a stable outlook from "A3", within the context of Moody's global review of systemic support available to banks. Moody's confirmed the Bank's "Prime-2" Short-term Local Currency Deposit rating, whereas its other ratings remained unaffected.