International credit rating agency Fitch Ratings revised the rating assigned to İşbank's Long Term Foreign Currency Credit Rating and Long-Term Senior Unsecured Notes to "B" from "B-" and outlook of Long Term Foreign Currency Credit Rating to "Positive" from "Stable", subsequent to the changes of Turkish Sovereign Rating and its outlook on 8 March 2024. Fitch affirmed Short-Term Foreign Currency Rating, Short-Term Local Currency Rating and Short-Term Senior Unsecured Notes Rating, while Long-Term Local Currency Rating, Viability Rating and Subordinated Debt Rating have been placed on Rating Watch Positive (RWP)
Long-Term Foreign Currency Issuer Default Rating / Outlook: B / Positive
Long-Term Local Currency Issuer Default Rating / Outlook: B / Rating Watch Positive (RWP)
Short-Term Foreign Currency Issuer Default Rating: B
Short-Term Local Currency Issuer Default Rating: B
National Long Term Rating / Outlook: A+(tur) / Stable
Viability Rating: b / Rating Watch Positive (RWP)
Long-Term Senior Unsecured Notes: B
Short-Term Senior Unsecured Notes: B
Subordinated Debt: CCC+ / Rating Watch Positive (RWP)
This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.