Positive Outlook Assigned to Ratings of Turkish Banks Following Similar Sovereign Action

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on 11 Turkish banks' Long-Term Foreign Currency Ratings (LT FCRs) to Positive from Stable. The Outlook on the Bank Standalone Ratings (BSRs) of four of these banks has also been revised to Positive from Stable, while the Outlook on the other seven banks' BSRs is unchanged.

At the same time, CI Ratings has affirmed the Short-Term (ST) FCRs, Core Financial Strength (CFS) ratings, Bank Standalone Ratings (BSRs), and Extraordinary Support Levels (ESLs) of the 11 banks at their existing level.

Attachments

• Rating Announcement (CRA)
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