| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Türkiye Garanti Bankasi AS > News item |
S&P ups six Turkish institutions
Standard & Poor's said it raised its long-term counterparty credit ratings on the following Turkish financial institutions to BB+ from BB: Turkiye Is Bankasi AS (Isbank); Turkiye Garanti Bankasi AS (Garanti); Garanti Finansal Kiralama AS (Garanti Leasing), Yapi ve Kredi Bankasi AS (YapiKredi); HSBC Bank AS; and Turkiye Vakiflar Bankasi TAO (VakifBank).
The outlook is stable.
At the same time, S&P affirmed the B short-term rating on Isbank, Garanti Leasing, YapiKredi, HSBC Bank and VakifBank.
The agency also raised the Turkey national scale long-term rating on Isbank, VakifBank, YapiKredi and HSBC Bank to trAA+ from trAA.
The upgrades follow that on the sovereign, S&P said.
© 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.