S&P Rating Action

S&P Rating Action

International credit rating agency S&P Global Ratings revised credit ratings of 6 Turkish financial institutions, including İşbank, on 17 August 2018.

The agency revised the Long-term Issuer Credit Rating on İşbank from BB- to B+; and the Long-term Turkey National Scale Rating on İşbank from trAA to trA+ and Short-tem National Scale Rating on İşbank from trA-1+ to trA-1. The rating agency affirmed İşbank's other ratings.

The outlook of Long-term Issuer Credit Rating was determined as Negative.

The list of the current ratings assigned to İşbank by S&P Global Ratings is as follows:

Long-term Issuer Credit Rating / Outlook: B+ / Negative

Short-term Turkey National Scale Rating: B

Long-term Turkey National Scale Rating: trA+

Short-term Turkey National Scale Rating: trA-1