[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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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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On March 8, 2024, international rating agency Fitch Ratings revised Turkey's long term foreign currency issuer default rating upgraded to "B+" from "B" and the outlook to "Positive" from "Stable". Accordingly, on March 15, 2024, Fitch Ratings also revised VakıfBank's long term foreign currency and local currency issuer default rating upgraded to "B" and "B+" respectively and the outlooks to "Positive" from "Stable". 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.