Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Akbank TAS > News item |
Fitch rates Akbank eurobond BBB-
Fitch Ratings said it assigned Akbank TAS's forthcoming five-year eurobond issue an expected rating of BBB-. The rating is contingent upon receipt of final documents. The issue is rated at the same level as Akbank's long-term issuer default rating.
The issue will total up to $1 billion and the proceeds will be used for general corporate purposes.
The notes are senior unsecured and will be ranked at the same level as all of Akbank's other senior unsecured obligations, Fitch said.
Akbank has a long-term foreign-currency issuer default rating of BBB-, long-term local-currency issuer default rating of BBB-, short-term foreign-currency issuer default rating of F3, short-term local-currency issuer default rating of F3 and national long-term rating of AAA(tur). The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.