Fitch: Alternatifbank view to stable

Fitch Ratings said it revised the outlook to stable from negative on Alternatifbank AS's long-term foreign- and local-currency issuer default ratings. The agency also said it affirmed its long-term foreign- and local-currency issuer default ratings at BB, national long-term rating at AA(tur) and short-term foreign- and local-currency issuer default ratings at B.

The action follows a similar rating action Fitch took on Anadolu Efes Biracilik ve Malt Sanayii AS (Efes).

Efes is the bank's majority shareholder, so if Alternatifbank experienced financial difficulties, its primary source of support would be Efes, the agency said.

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