[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Credit Rating
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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 April 1, 2022, international rating agency Fitch Ratings has affirmed Turkiye Vakiflar Bankasi T.A.O.'s (Vakifbank) Long-Term Foreign Currency Issuer Default Rating (LTFC IDR) at 'B' and its Long-Term Local Currency (LTLC) IDR at 'B+'. The Outlooks are on Negative.
Fitch has also downgraded the Viability Rating (VR) to 'b' from 'b+' and removed it from Rating Watch Negative (RWN). The current ratings of the bank are attached.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.