[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Fitch Ratings has upgraded the Long-Term FC IDR of Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) from "B+" to "BB-" and has revised its outlook to "Stable" on November 17, 2025. The agency has upgraded TSKB's Viability Rating from "b+" to "bb-", Government Support Rating from "b+" to "bb-", Subordinated Debt Rating from "CCC+" to "B-" and Senior Unsecured Long-Term Rating from "B+" to "BB-".

Bank's current ratings are as follows:
Long-Term Foreign Currency IDR: BB-; Outlook Stable
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: bb-
Government Support Rating: bb-
Senior Unsecured Long-Term Rating: BB-
Subordinated Debt Rating: B-