Turkey's credit rating, which was written by mistake in the Turkish public disclosure, has been amended.
On 19 July 2024, International Rating Agency Moody's upgraded the Government of Turkiye's sovereign rating to "B1" from "B3" and Turkiye's foreign-currency country ceiling to "Ba3" from "B2" and the local-currency country ceiling to "Ba1" from "Ba3" with a positive outlook . Following this change, on 23 July 2024, the rating agency upgraded Yapı ve Kredi Bank's Long Term Foreign currency deposit, long term local currency deposit and senior unsecured debt ratings by two notch to "B3" from "B1" with a positive outlook.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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