[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Credit Rating
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Update Notification Flag
Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
-
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Hayır (No)
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Announcement Content
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Explanations
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Following the upgrade of Türkiye's Issuer Rating to "BB-" from "B+", Fitch Credit Ratings upgraded Akbank's Long Term Foreign Currency IDR from "B" to "BB-", Long Term Local Currency IDR from "B+" to "BB-", Viability Rating from "b+" to "bb-", Long Term Senior Unsecured Note from "B" to "BB-", Subordinated Note from "B-" to "B" and Subordinated Note (AT1) from "CCC+" to "B-". The remaining notes were affirmed.

Meanwhile, Fitch revised the Outlooks on the Long Term Foreign and Local Currency IDR as "Stable".

Akbank's current ratings are provided belo



Previous
Current
Long Term Foreign Currency IDR
B / Positive Outlook
BB- / Stable Outlook
Long Term Local Currency IDR
B+ / Positive Outlook
BB- / Stable Outlook
Short Term Foreign Currency IDR
B
B
Short Term Local Currency IDR
B
B
Viability Rating
b+
bb-
National Long Term Rating
AA-(tur) / Stable Outlook
AA-(tur) / Stable Outlook
Long Term Senior Unsecured Note
B
BB-
Subordinated Note
B-
B
Subordinated Note (AT1)
CCC+
B-