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      İşbank's Credit Ratings(*)

      Rating Outlook (**)
      MOODY'S
      Bank Financial Strentgh C- Stable
      Long Term Foreign Currency Deposit Ba3 Positive
      Long Term Local Currency Deposit Baa2 Stable
      Short Term Foreign Currency Deposit NP -
      Short Term Local Currency Deposit P-2 -

      FITCH RATINGS
      Long Term Foreign Currency Issuer Default Rating BBB- Stable
      Long Term Local Currency Issuer Default Rating BBB- Stable
      Short Term Foreign Currency Issuer Default Rating F3 -
      Short Term Local Currency Issuer Default Rating F3 -
      National Long-term Rating AAA (tur) Stable
      Viability(***) bbb- -
      Support Rating 3 -

      STANDARD & POOR'S
      Long Term Counterparty Credit Rating BB Positive
      Long Term Certificate of Deposit BB -
      Short Term Counterparty Credit Rating B -
      Short Term Certificate of Deposit B -
      Long Term National Scale Rating trAA -
      Short Term National Scale Rating trA-1 -

      (*) İşbank's latest credit rating updates:
      Moody's : 07/10/2010
      Fitch Ratings : 28/11/2011
      Standard & Poor's : 22/02/2010 (Affirmed on 01/12/2011)

      (**) Outlook:
      Stable: Indicates that the current rating will not be changed in the short term.
      Positive: Indicates that the current rating is very likely to be upgraded.
      Negative: Indicates that the current rating is very likely to be downgraded.

      (***) The rating in the related category was first announced to public by Fitch Ratings on 20/07/2011.

       


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