Fitch Ratings said it placed 15 Turkish banks' and financial institutions' long-term foreign-currency issuer default ratings on Rating Watch positive, along with 14 Turkish banks' long-term local-currency issuer default ratings.
This follows similar action taken on the Republic of Turkey's long-term foreign-currency and local-currency issuer default ratings.
| TC Ziraat | Bankasi AS's long-term foreign-currency issuer default rating of BB- was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BB. Its short-term foreign-currency | issuer default rating was affirmed at B, short-term local-currency issuer default rating at B and national long-term | rating at AA+(tur). The outlook is stable.
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| Turkiye Halk Bankasi AS's long-term foreign-currency issuer default rating of BB- was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BB. Its short-term foreign-currency | issuer default rating was affirmed at B, short-term local-currency issuer default rating at B and national long-term rating at AA+(tur). The outlook is stable.
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| Turkiye Kalkinma Bankasi AS's long-term foreign-currency issuer default rating of BB- was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BB. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at B and national long-term rating at AA+(tur). The outlook is stable.
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| Yapi Ve Kredi Bankasi AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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| Finansbank AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency | issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term | rating at AAA(tur). The outlook is stable.
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| Denizbank AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency | issuer default rating was affirmed at B, along with its short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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| Turk Ekonomi Bankasi AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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| Bankpozitif Kredi Ve Kalkinma Bankasi AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its subordinated debt rating of BB-. Its long-term local-currency issuer default rating was affirmed at BBB-, short-term foreign-currency issuer default rating at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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| Turkiye Is Bankasi AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). | The outlook is stable.
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| Turkiye Garanti Bankasi AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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| Akbank TAS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency | issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term | rating at AAA(tur). The outlook is stable.
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| Turkiye Sinai Kalkinma Bankasi AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with long-term local-currency issuer default rating of BB+ and short-term local-currency issuer default rating of B. Its short-term foreign-currency issuer default rating was affirmed at B and national long-term rating at AA+(tur). The outlook is stable.
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| Garanti Finansal Kiralama AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with its long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating was affirmed at F3 and national long-term rating was affirmed at AAA(tur). The outlook is stable.
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| Is Finansal Kiralama AS's long-term foreign-currency issuer default rating of BB placed on Rating Watch positive, long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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| Garanti Faktoring Hizmetleri AS's long-term foreign-currency issuer default rating of BB was placed on Rating Watch positive, along with long-term local-currency issuer default rating of BBB-. Its short-term foreign-currency issuer default rating was affirmed at B, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur). The outlook is stable.
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