Related Companies
|
[]
|
||||||||
Related Funds
|
[]
|
||||||||
English
|
|||||||||
|
|||||||||
oda_CreditRatingAbstract|
|
|
||||||||
oda_UpdateAnnouncementFlag|
|
|
Evet (Yes)
|
|||||||
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
01/22/2018
|
|||||||
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_AnnouncementContentSection|
|
|
||||||||
oda_ExplanationSection|
|
|
||||||||
oda_ExplanationTextBlock|
|
Reference: Public disclosures on 02/03/2017, 10/06/2017 and 01/22/2018. The international rating agency Fitch Ratings downgraded the long-term debt ratings of 24 Turkish financial institutions on 07/20/2018 following the downgrade of Turkey's government debt rating on 07/13/2018. Accordingly, Our Bank's Long-Term Foreign Currency Issuer Default Rating from "BB+" to "BB-", Long-Term Local Currency Issuer Default Rating from "BBB-" to "BB+", Viability Rating from "bb+" to "bb-", Long Term Senior Unsecured Rating from "BB+" to "BB-" were downgraded by the agency. The outlook of Long-Term Foreign Currency and Local Currency Issuer Default Ratings were determined as Negative, and the outlook of National Long Term Rating was determined as Stable. Short-Term Foreing Currency Issuer Default Rating, Support Rating and National Long Term Rating were affirmed by the agency. In case of any contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.