Turkiye Is Bankasi’s Ratings Affirmed with a Stable Outlook

Turkiye Is Bankasi’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 T u rkiye Is Ban k ( Is bank) at ‘B+’ and ‘B’, respectively. CI Ratings has also affirmed the Bank’s Bank Standalone Rating (BSR) of ‘b+’ . The Outlook for the LT FCR and BSR is Stable.

Is bank’s BSR is derived from a CFS rating of ‘bb+’, reflecting the satisfactory intrinsic financial, operational and business strength of the Bank, and an Operating Environment Risk Anchor (OPERA) of ‘b’ indicating significant risk. The operating environment remains highly challenging given the continuing impact on real GDP due to Covid-19, ongoing exchange rate volatility and high inflation.

The likelihood of timely and sufficient extraordinary support in the…