Standard & Poor's Upgrades Isbank

23.02.2010Standard and Poor's Upgraded Isbank's Ratings

International credit rating agency, Standard and Poor's, raised the long-term counter party credit rating of Isbank to "BB" from "BB-" and the outlook from "stable" to "positive". At the same time, the Bank's long-term certificate of deposits is raised from "BB-" to "BB" and the long-term Turkey national scale rating is upgraded from "trA+" to "trAA". The agency affirmed the Bank's both short-term counter party credit rating and short-term certificate of deposits as "B" and the short-term Turkey national scale rating as "trA-1".