Yapi Ve Kredi Bankasi’s Ratings Affirmed; Outlook Revised to Stable

Yapi Ve Kredi Bankasi’s Ratings Affirmed; Outlook Revised to Stable

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+’ and Core Financial Strength (CFS) rating of ‘bb’. The Outlook for the LT FCR and BSR has been revised to Stable from Negative. The Extraordinary Support Level ( ESL ) remains at Uncertain.

The revision of the Outlook to Stable from Negative is primarily due to the Bank’s resilient performance – despite the volatile operating environment – in terms of operating and net profitability . Other contributory factors towards the revision include its prudent and precautionary management of asset quality…