[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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Correction Notification Flag
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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On February 11, 2022, international rating agency Fitch Ratings revised Turkey's Long Term Foreign and Local Currency Issuer Default Ratings (IDR) to "B+" from "BB-", and the country ceiling to "B+" from "BB-".
Following the change, Fitch Ratings has also revised the Bank's Long Term Foreign and Local Currency IDRs to "B" from "B+" and "B+" from "BB-", respectively and affirmed "Negative" Outlook. Bank's current ratings are as follows.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.