19 Jun 2019 15:58
Moody's Rating Action
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International credit rating agency Moody's revised credit ratings of 18 Turkish banks including Ä°ÅŸbank, pursuant to the downgrade of Turkish Sovereign Rating on 14 June 2019.
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The agency announced that the Senior Unsecured Debt and Long-Term Local and Foreign Currency Deposit Ratings of Ä°ÅŸbank were downgraded to B3 from B2. Outlooks assigned to the aforementioned ratings have been determined as Negative. Short-Term Local Currency and Foreign Currency Deposit Ratings were affirmed at Not-Prime.
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The list of the current ratings assigned to Ä°ÅŸbank by Moody's is as follows:
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Senior Unsecured Debt Rating / Outlook: B3 / Negative
Long-Term Local Currency / Foreign Currency Deposit Rating / Outlook: B3 / Negative
Short-Term Local Currency / Foreign Currency Deposit Rating: Not-Prime
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