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Published on 8/17/2009 in the Prospect News Emerging Markets Daily.

Fitch affirms Ekspo

Fitch Ratings said it has affirmed Ekspo Faktoring AS's national long-term rating at BBB+(tur) with a stable outlook.

The rating action reflects Ekspo's small size within the Turkish financial system and exposure to a volatile operating environment, Fitch said.

The rating also takes into account the company's strong operating performance, good asset quality and solid capitalization, Fitch added.


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