[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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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 September 6, 2024, international rating agency Fitch Ratings upgraded Turkey's long term foreign currency issuer default rating to "BB-" from "B+" and revised the outlook to "Stable" from "Positive". Accordingly, on September 17, 2024, Fitch Ratings also upgraded VakıfBank's long term foreign currency issuer default rating to "B+" from "B" with "Positive" Outlook and long term local currency issuer default rating to "BB-" from "B+" with "Stable" Outlook. The current ratings of the bank are attached herewith.

According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.