300
İş Bankası
Annual Report 2013
Financial Information and Risk Management
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2013
SECTION SIX: OTHER EXPLANATIONS
I. Explanation on the Group’s Credit Ratings:
Türkiye İş Bankası A.Ş.
Rating Outlook
(1)
Explanation
MOODY’S
Bank Financial Strength
D+ Stable Indicates that the Bank’s stand-alone financial strength is
adequate.
Long-term Foreign Currency Deposit
Baa3 Stable It is the highest rating in this category determined ceiling of
Turkey.
Long-term Local Currency Deposit
Baa2 Stable Indicates that the Bank’s credibility is adequate.
Short-term Foreign Currency Deposit
P-3
-
Same as the rating for Turkey.
Short-term Local Currency Deposit
P-2
-
Indicates that the Bank’s credibility is high.
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
AAA (tur)
Stable Shows highest 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 are 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 Parent Bank’s credit ratings/outlook was last updated:
Moody’s: 20 May 2013, Fitch Ratings: 31 October 2013, Standard & Poor’s: 11 December 2014.
(1)
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.
