After the international credit rating agency, Fitch, cut Turkey’s credit rating by one notch on 27 January, 2017, it announced on February 2nd, 2017 that it was lowering Türkiye Finans’ long term TL and foreign currency credit ratings from BBB to BBB- and revised its outlook from “negative” to “stable”. Fitch Ratings also stated that it had cut Türkiye Finans’ short term TL and foreign currency credit ratings from “F2” to “F3”.
On 3 November, 2017 Fitch Ratings stated that it had not changed Türkiye Finance’ ratings or outlook, and confirmed all of its rations for the Bank.
According to this review, Türkiye Finans maintained its position as one of the eight Turkish banks to receive the highest credit rating in 2017.
Fitch Ratings |
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Credit Ratings |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Foreign Currency |
|
|
|
|
|
|
Long Term |
BBB |
BBB |
BBB |
BBB |
BBB- |
|
Short Term |
F3 |
F3 |
F3 |
F2 |
F3 |
|
Outlook |
Stable |
Stable |
Stable |
Negative |
Negative |
|
Local Currency |
||||||
Long Term |
BBB+ |
BBB+ |
BBB+ |
BBB |
BBB- |
|
Short Term |
F2 |
F2 |
F2 |
F2 |
F3 |
|
Outlook |
Stable |
Stable |
Stable |
Negative |
Stable |
|
Soverign |
||||||
Long Term |
AAA(tur) |
AAA(tur) |
AAA(tur) |
AAA(tur) |
AAA(tur) |
|
Viability Rating |
bb- |
bb- |
bb- |
bb- |
bb- |
|
Support Rating |
2 |
2 |
2 |
2 |
2 |
|
Outlook |
Stable |
Stable |
Stable |
Stable |
Stable |