84 İşbank
Annual Report 2015
Rating Outlook
(*)
Explanation
Moody’s
Long-term Foreign Currency Deposit
Baa3
Negative
The highest rating depending on the country ceiling for Turkey
in this category.
Long-term Local Currency Deposit
Baa3
Negative
Indicates that the Bank’s credibility is adequate.
Long-term Foreign Currency Senior
Debt
Baa3
Negative
Indicates that the Bank’s credibility is adequate.
Short-term Foreign Currency Deposit
P-3
-
The highest rating depending on the country ceiling for Turkey
in this category.
Short-term Local Currency Deposit
P-3
-
Indicates that the Bank’s credibility is reasonable.
Fitch Ratings
Long-term Foreign Currency Issuer
Default Rating
BBB-
Stable
At investment level. Shows that the Bank’s credibility is “good”.
Long-term Local Currency Issuer Default
Rating
BBB-
Stable
At investment level. Shows that the Bank’s credibility is “good”.
Short-term Foreign Currency Issuer
Default Rating
F3
-
At investment level. Shows that the capacity for timely payment
of financial commitments is adequate.
Short-term Local Currency Issuer
Default Rating
F3
-
At investment level. Shows that the capacity for timely payment
of financial commitments is adequate.
National Long-term Rating
AA+ (tur)
Stable
Shows high credit quality (national).
Viability Rating
bbb-
-
Shows that the Bank’s credibility is “good”. Basic financial
indicators are adequate.
Support Rating
3
-
There is a moderate probability of support.
Standard & Poor’s
Long-term Counterparty Credit Rating
BB+
Negative
Same as the FC country rating given for Turkey.
Short-term Counterparty Credit Rating
B
-
Indicates that it has the capacity to meet its financial
commitment on the obligation.
Long-term National Scale Rating
trAA+
-
Indicates that its capacity to meet its financial commitments on
the obligation is strong.
Short-term National Scale Rating
trA-1
-
It is the highest rating in this category and indicates that the
Bank’s capacity to pay its short-term debt is higher than the
other institutions in the country.
The dates below given are on which the Bank’s credit ratings/outlook was last updated:
Moody’s: 29 September 2015, Fitch Ratings: 16 June 2015, Standard & Poor’s: 11 February 2014
(*)
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 and “negative” indicates that the current rating is very likely to be downgraded.
İşbank Credit Ratings
