Türk Eximbank ’s Ratings Affirmed
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Summary
Ref: TR027 2 2 CRA00- 0 1 6 December 20 2 3
Türk Eximbank ’s Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of İhracat Kredi Bankası A.Ş. (Türk Eximbank) at ‘B’ an d ‘B’, respectively. At the same time, CI Ratings has affirmed Türk Eximbank’s Bank Standalone Rating ( BSR ) of ‘b’ , Core Financial Strength (CFS) rating of ‘b’ and Extraordinary Support Level (ESL) of Moderate . The Outlook for the LT FCR and BSR remains Stable.
The affirmation of the ratings is primarily supported by the Bank’s strategic importance as a policy bank for the Turkish government, its resilient operating and net profitability despite the volatile operating environment, and sound headline asset quality ratios. Factors constraining the…