Originally Posted by
harakiri35
IDRS, SENIOR DEBT RATINGS AND NATIONAL RATINGS DRIVEN BY VRS
Akbank TAS (LTFC IDR 'BB-'/Negative)
Turkiye Is Bankasi (LTFC IDR 'BB-'/Negative)
The downgrades of the LTFC IDRs of Akbank and Isbank to 'BB-' from 'BB+' are driven by the downgrades of the banks' VRs. The 'BB' Long-Term Local Currency (LTLC) IDRs, one notch above the LTFC ratings, reflect the banks' lower refinancing risks in Turkish lira than in foreign currencies. The Negative Outlooks on the IDRs reflect the potential for further deterioration in the operating environment, which could place greater pressure on the banks' financial metrics.
IDRs, SUPPORT RATINGS, SENIOR DEBT RATINGS AND NATIONAL RATINGS OF STATE-OWNED COMMERCIAL BANKS AND DEVELOPMENT BANKS
T.C. Ziraat Bankasi A.S. (Ziraat; LTFC IDR 'BB-'/Negative)
Turkiye Halk Bankasi A.S. (Halk; LTFC IDR 'BB-' /Negative)
Turkiye Vakiflar Bankasi A.S. (Vakifbank; LTFC IDR 'BB-' /Negative)
Vakif Katilim Bankasi A.S. (Vakif Katilim; LTFC IDR BB-/Negative)
Turkiye Sinai Kalkinma Bankasi A.S. (TSKB; LTFC IDR 'BB-'/Negative)
Turkiye Ihracat Kredi Bankasi A.S. (Turk Eximbank; LTFC IDR 'BB-' /Negative)
Turkiye Kalkinma Bankasi A.S. (TKB; LTFC IDR 'BB'/Negative)
The LTLC IDRs of the state-owned commercial banks (Ziraat, Halk, Vakifbank and Vakif Katilim) and development banks (TKB, Turk Eximbank, TSKB) are aligned with those of the Turkish sovereign and, as a result, have been downgraded by one notch. The banks' LTFC IDRs, FC debt ratings and SRFs have mostly been downgraded by two notches to 'BB-', as a result of which they are now one notch below the sovereign's LTFC IDR, reflecting the weaker ability of the sovereign to provide support in FC.
yoo yazıyo işte.