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International credit rating agency Fitch Ratings has affirmed İşbank's following credit ratings. Existing outlooks of these ratings remain unchanged.
• Long-Term Foreign Currency Issuer Default Rating/ Outlook: B+ / Negative
• Long-Term Local Currency Issuer Default Rating/ Outlook: B+ / Stable
• Short-Term Foreign Currency Issuer Default Rating: B
• Short-Term Local Currency Issuer Default Rating: B
• National Long Term Rating/ Outlook: A+(tur) / Stable
• Viability Rating: b+
• Long-Term Senior Unsecured Notes: B+
• Short-Term Senior Unsecured Notes: B
In line with the change in its baseline notching, Fitch Ratings revised Long-Term Subordinated Notes Rating of the Bank from B to B-. The Agency also updated Support Rating from 4 to 5 and Support Rating Floor from B to B-.
This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.
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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.