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International credit rating agency Fitch Ratings changed the outlook assigned to İşbank's Long Term Local Currency Issuer Default Rating to Negative from Stable and affirmed the rating as B+. The agency affirmed the Bank's Short Term Local Currency Issuer Default Rating at B and National Long Term Rating at A+(tur) with a Stable outlook.
Fitch Ratings announced that the change was made following the revision of the outlook on Turkish Sovereign Rating to Negative from Stable on 21 August 2020.
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.