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Credit Rating
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Hayır (No)
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Following the upgrade of Türkiye's Issuer Rating to B1 from B3, maintaining the Outlook as Positive and the upgrade of Türkiye's foreign currency country ceiling to Ba3 from B2 and local currency country ceiling to Ba1 from Ba3 on 19 July 2024, Moody's has upgraded DenizBank's long-term foreign currency deposit rating and long-term foreign currency Counterparty Risk Rating (CRR) to Ba3 from B2 and long-term local currency deposit rating and long-term local currency Counterparty Risk Rating (CRR) to Ba2 from B1 and maintained the Outlooks as Positive on 23 July 2024. Moody's upgraded DenizBank's Baseline Credit Assessment (BCA) to b2 from caa1 and Adjusted Baseline Credit Assessment (Adjusted BCA) to ba2 from b1 and affirmed other notes. Current rating notes are as follows:

Outlook

Positive

Long Term Foreign Currency  Deposit

Ba3

Long Term Local Currency Deposit

Ba2

Short Term Foreign Currency  Deposit

Not Prime

Short Term Local Currency  Deposit

Not Prime

Baseline Credit Assessment (BCA)

b2

Adjusted Baseline Credit  Assessment (Adjusted BCA)

ba2

Long Term Foreign Currency Counterparty  Risk Rating (CRR)

Ba3

Long Term Local Currency Counterparty  Risk Rating (CRR)

Ba2