Yapi Ve Kredi Bankasi’s Ratings Affirmed
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Ref: TR 0 412 2 CRA00- 0 1 10 May 202 3
Yapi Ve Kredi 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 Yapi ve Kredi Bankasi (YKB) at ‘B’ and ‘B’, respectively. At the same time, CI Ratings has affirmed YKB’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 remains Negative.
The affirmation of the ratings balances YKB’s resilient business model and improved financial metrics against considerable downward risk to the Bank’s asset quality, the impact of regulatory forbearance measures ( which in turn benefit capital ratios ) , and structural A sset- L iability M ismatch imbalances…