Turkiye Halk Bankasi’s Ratings Affirmed

Turkiye Halk Bankasi’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 Tu rkiye Halk Bankasi (Halk) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed Halk’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 is Negative.

Halk’s BSR is derived from a CFS rating of ‘b’, reflecting the Bank’s weak intrinsic financial, operational, and business strength, and an Operating Envi ronment Risk Anchor (OPERA) of ‘b’ indicating significant risk. The latter is a fundamental constraining factor for the ratings of all Turkish banks. The operating environment remains highly challenging due to high…