[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Credit Rating
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On November 17, 2025, the international credit rating agency Fitch Ratings upgraded VakıfBank's Long-Term Foreign Currency Issuer Default Rating from "B+" (Positive) to "BB-" (Stable), its Government Support Rating from "b+" to "bb-", and its Viability Rating from "b+" to "bb-". Following these rating upgrades, VakıfBank's Long-Term Senior Unsecured Rating was upgraded from ‘B+' to ‘BB-', its Subordinated Debt (AT1) Rating from ‘CCC+' to ‘B-', and its other Subordinated Debt (T2) Rating from ‘B-' to ‘B'. The current ratings of VakıfBank 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.