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On May 22nd 2020, Fitch Ratings has affirmed the Long-Term Foreign Currency (LTFC) Issuer Default Rating (IDR) of Turkiye Sinai Kalkinma Bankasi A.S. at B+ and revised the Outlook on the LTFC IDR of TSKB to Negative from Stable.
Ratings and Outlooks of Türkiye Sınai Kalkınma Bankası A.Ş. are as follows further to the announcement:
Long-Term Foreign-Currency IDR: 'B+'; Outlook Negative
Long-Term Local-Currency IDR 'BB-'; Outlook Stable
Short-Term Foreign-Currency IDR: 'B';
Short-Term Local-Currency IDR 'B';
National Long Term Rating; ‘AA(tur)'/Stable
Viability Rating: 'b+';
Support Rating '4';
Support Rating Floor: 'B';
Long-term senior unsecured rating: 'B+'
Short-term senior unsecured rating: ‘B'
Subordinated debt rating; ‘B-'
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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.