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International credit rating agency Moody's upgraded İşbank's Long Term Foreign Currency Deposit Rating to B3 from Caa1. Outlook assigned to the aforementioned rating was determined as Negative.
The agency announced that the rating action was driven by change in the country ceiling, following the publication of Moody's updated Country Ceilings Methodology on 7 December 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.