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Credit Rating
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Hayır (No)
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Following the revision of the upgrade on Turkey's Long-Term IDRs to B+ (Postive) from B (Stable) on 08 March 2024, International Rating Agency Fitch Ratings has upgraded DenizBank's Long-Term Foreign Currency and Long-Term Local Currency IDRs to B from B- and to B+ from B, respectively and revised the Outlooks to Positive from Stable on 15 March 2024. Fitch also upgraded Shareholder Support rating to b from b- and affirmed our Bank's Short-Term Local and Foreign Currency IDRs at B, viability rating at b- and National Long-Term rating to AA(tur) with a Stable outlook. Bank's current ratings are as follows:

Fitch Ratings

Outlook

Positive

Long Term Foreign Currency IDR

B

Short Term Foreign Currency IDR

B

Long Term Local Curreny IDR

B+

Short Term Local Currency IDR

B

Viability

b-

Shareholder Support

b

National

AA (tur) (Stable)