Credit Rating
International credit rating agency Fitch Ratings upgraded Isbank's Long-Term Foreign Currency Issuer Default Rating to "BB-" from "B" with a two-notch increase, Long-Term Local Currency Issuer Default Rating to "BB-" from "B+" with a one-notch increase, Viability Rating to "bb-" from "b+" and Subordinated Debt Rating to "B" from "B-", subsequent to the changes of Turkish Sovereign Rating and its Outlook on 6 September 2024. Fitch affirmed Short-Term Foreign Currency Issuer Default Rating and Short-Term Local Currency Issuer Default Rating. The outlooks assigned to Isbank's Long Term Foreign Currency and Long-Term Local Currency Ratings are defined as "Stable".
The current version of our bank's ratings are given below
Long-Term Foreign Currency Issuer Default Rating / Outlook: BB- / Stable
Long-Term Local Currency Issuer Default Rating / Outlook: BB- / Stable
Short-Term Foreign Currency Issuer Default Rating: B
Short-Term Local Currency Issuer Default Rating: B
National Long Term Rating / Outlook: AA-(tur) / Stable
Viability Rating: bb-
Long-Term Senior Unsecured Notes: BB-
Short-Term Senior Unsecured Notes: B
Subordinated Debt: B
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