[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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oda_CreditRatingAbstract|
Credit Rating
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Update Notification Flag
Evet (Yes)
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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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Moody's upgraded DenizBank's long-term foreign currency deposit rating to B2 from B3 and local currency deposit rating to B1 from B3 on 24 August 2021. In addition, Moody's also upgraded Denizbank's Adjusted Baseline Credit Assessment (Adjusted BCA) to b1 from b3 and affirmed the Baseline Credit Assessment (BCA) of caa1. The outlook on the deposit ratings remain negative. Current rating notes are as follows:

Outlook

Negative

Long Term Foreign Currency  Deposit

B2

Short Term Foreign Currency  Deposit

Not Prime

Long Term Local Currency Deposit

B1

Short Term Local Currency  Deposit

Not Prime

Baseline Credit Assessment (BCA)

caa1

Adjusted Baseline Credit  Assessment (Adjusted BCA)

b1