Fitch rates Lider Faktoring BBB+(tur)

Fitch Ratings said it assigned Lider Faktoring Hizmetleri AS a national long-term rating of BBB+(tur).

The outlook is stable.

The rating reflects Lider's small size in the Turkish financial system, Fitch said, and the risk of asset quality deterioration arising from the rapid expansion of its assets in a sharply contracting economy.

These factors are balanced by Lider's strong profitability, its access to long-term funding, sound capitalization and good corporate governance standards, the agency said.

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