Akbank’s Ratings Affirmed ; Outlook Remains Stable
Content is restricted
Summary
Ref: TR00120 CRA00- 0 1 29 April 2021
Akbank’s Ratings Affirmed ; Outlook Remains Stable
Capital Intelligence Ratings (CI Ratings or CI) , the international credit rating agency, today announced that it has affirmed the L ong- T erm F oreign C urrency R ating (LT FCR) and S hort- T erm F oreign C urrency R ating (ST FCR) of Akbank at ‘B + ’ and ‘B’, respectively. At the same time , CI Ratings has affirmed Akbank’s Bank Standalone Rating (BSR) of ‘b + ’ , Core Financial Strength (CFS) rating of ‘bb+’ and Extraordinary Support Level (ESL) of Uncertain . The Outlook for the LT FCR and BSR is Stable .
Akbank’s BSR is derived from a CFS rating of ‘bb+’, reflecting the Bank’s moderate intrinsic financial, operational and business strength, and an Operating Environment Risk Anchor…