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Credit Rating
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Hayır (No)
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-
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Following the revision of the upgrade on Turkey's Long-Term IDRs to BB- (Stable) from B+ (Postive) on 06 September 2024, International Rating Agency Fitch Ratings has upgraded DenizBank's Long-Term Foreign Currency IDR to BB- from B and Long-Term Local Currency to BB- from B+, respectively and revised the Outlooks to Stable from Positive on 17 September 2024. Fitch also upgraded Shareholder Support rating to bb- from b and viability rating to b+ from b, affirmed our Bank's Short-Term Local and Foreign Currency IDRs at B and National Long-Term rating to AA(tur) with a Stable outlook. Bank's current ratings are as follows:

Fitch Ratings

Outlook

Stable

Long Term Foreign Currency IDR

BB-

Short Term Foreign Currency IDR

B

Long Term Local Curreny IDR

BB-

Short Term Local Currency IDR

B

Viability

b+

Shareholder Support

bb-

National

AA (tur) (Stable)