Türk Eximbank ’s Ratings Affirmed with a Stable Outlook
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Ref: TR027 19 CRA00-01 4 December 2020
Türk Eximbank ’s Ratings Affirmed with a Stable Outlook
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 Türkiye İhracat Kredi Bankası A.Ş. (Türk Eximbank) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed the Türk Eximbank ’s B ank S tandalone R ating (BSR) of ‘b+’ and C ore F inancial S trength (CFS) rating of ‘b+’. The Outlook for the LT FCR and BSR remains Stable.
The affirmation of the Bank’s ratings is primarily supported by its strategic importance as policy bank for the Turkish government. The Bank (100% owned by the government) is the official export credit agency of the country and as such the leader in export financing and export credit…