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International credit rating agency Fitch Ratings revised the ratings of 25 Turkish banks including İşbank, subsequent to the downgrade of Turkiye's sovereign rating on
8 July 2022.
The agency revised İşbank's Long-Term Foreign Currency Issuer Default Rating to B- from B, Long-Term Local Currency Issuer Default Rating to B from B+; the outlook on the aforementioned ratings was determined as Negative. Besides, the agency updated the Bank's Viability Rating to b from b+.
This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.
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