Investor Presentaiton
Ratings
Fitch Ratings
Rating Outlook
Long Term Foreign Currency
B
Positive
Long Term Local Currency
B
Stable
Short Term Foreign Currency
B
Short Term Local Currency
B
Viability Rating
b
Govern Support
ns
National Long Term
Senior Unsecured Debt
A+ (tur)
B
Stable
Moody's
Long Term Foreign Currency Deposit
Long Term Local Currency Deposit
Short Term Foreign Currency Deposit
Short Term Local Currency Deposit
National Scale Rating
Senior Unsecured Debt
Rating Outlook
B3
Positive
B3
Positive
Not Prime
Not Prime
Baa2.tr
B3
Positive
15 March 2024:
On 8 March 2024, International Rating Agency Fitch Ratings upgraded Turkiye
Sovereign rating to "B+" from "B" while revised the outlook upwards to "Positive"
from "Stable". Following this upward revision, on 15 March 2024, the rating agency
upgraded Yapı ve Kredi Bank's long-term foreign currency deposit rating to "B"
from "B-" while revised the outlook upwards to "Positive" from "Stable". Fitch has
also upgraded Yapı ve Kredi Bank's long-term Senior Unsecured Debt rating to "B"
from "B-".
17 January 2024:
On 12 January 2024, International Rating Agency Moody's revised the outlook on
Türkiye's Credit Rating from "Stable" to "Positive". Following this change, on 17
January 2024, the rating agency revised the outlook on Yapı ve Kredi Bank's long-term
foreign currency deposit, long-term local currency deposit and senior unsecured debt
from "Stable" to "Positive", affirming the rating "B3". On 12 January 2024, Moody's
has also upgraded Türkiye's FC country ceiling rate from "B3" to "B2" and following
that, on 17 January 2024, Yapı ve Kredi Bank's long-term FC counterparty risk rating is
upgraded from "B3" to "B2".
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