[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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Announcement Content
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On July 8 2022, International Rating Agency Fitch Ratings downgraded Turkiye's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘B' from ‘B+' and affirmed the Outlooks on Negative. Accordingly, on July 26 2022, Fitch Ratings also downgraded Turkiye Vakiflar Bankasi T.A.O. (Vakif)'s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘B-' from ‘B' and Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘B' from ‘B+, affirmed the Outlooks on Negative. Other rating changes and 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.