Fitch's Rating Action

Fitch's Rating Action

On 25 August 2016, Fitch Ratings changed the outlook on İşbank's "BBB-" long-term local and foreign currency Issuer Default Rating to "Negative" from "Stable". Fitch Ratings affirmed İşbank's other ratings and the outlooks related to these ratings.

According to the disclosure made by the agency, the aforementioned changes were made following the revision of the outlook on Turkey's sovereign IDRs to "Negative" on 19.08.2016.