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International credit rating agency Fitch Ratings has revised the outlook of Long Term Local-Currency IDR rating of Türkiye Sınai Kalkınma Bankası A.Ş. to Negative from Stable on 1 September 2020, following the revision of Turkish Sovereign Rating outlook to Negative from Stable on 21 August 2020.
Bank's other ratings remained unchanged.
Bank's current ratings are as follows:
Long Term Foreign Currency IDR: 'B+'; Outlook Negative
Long Term Local Currency IDR 'BB-'; Outlook Negative
Short Term Foreign Currency IDR: 'B';
Short Term Local Currency IDR 'B';
Viability Rating: 'b+';
Support Rating '4';
Support Rating Floor: 'B';
National Long Term Rating: AA(tur); Outlook Stable
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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.