2017 Annual Report
Information regarding Credit Rating Agency Rating Assignments and the Nature of Such Ratings

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

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

 

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