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Fitch Ratings has upgraded the Long-Term FC IDR of Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) from "B" to "B+" while keeping the outlook as "Positive" on September 17, 2024, following the revision of Türkiye's Long-Term IDRs to "BB-/Stable" on September 6, 2024. The agency has revised TSKB's Long-Term LC IDR from "B+" to "BB-" as well as its outlook from "Positive" to "Stable", Viability Rating from "b" to "b+", Government Support Rating from "b-" to "b+" and Shareholder Support Rating from "b-" to "b+". Moreover, TSKB's Senior Unsecured Long-Term Rating has been upgraded from "B" to "B+" and its Subordinated Debt Rating from "CCC" to "CCC+". Fitch Rating has affirmed TSKB's Short-Term Local and Foreign Currency IDRs, along with the Bank's Short-Term Senior Unsecured Rating.

Bank's current ratings are as follows:

Long-Term Foreign Currency IDR: B+; Outlook Positive

Long-Term Local Currency IDR: BB-; Outlook Stable

Short-Term Foreign Currency IDR: B

Short-Term Local Currency IDR: B

National Long-Term Credit Rating: AA ; Outlook Stable

Viability Rating: b+

Shareholder Support: b+

Government Support Rating: b+

Senior Unsecured Long Term: B+

Senior Unsecured Short Term: B

Subordinated Debt Rating: CCC+