[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 August 12, 2022, international rating agency Moody's downgraded Turkiye's rating to B3 stable from B2 negative. Accordingly, on August 16, 2022, Moody's also downgraded VakıfBank's long-term foreign-currency and long term local-currency deposit ratings to B3 stable from B2 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.