Fitch affirms Yapi Kredi

Fitch Ratings said it affirmed Yapi ve Kredi Bankasi AS's long-term foreign-currency issuer default rating at BBB-, long-term local-currency issuer default rating at BBB, short-term foreign- and local-currency issuer default ratings at F3 and national long-term rating at AAA(tur) with a positive outlook.

The ratings consider Yapi Kredi's sound domestic franchise, aim to expand its market position and resilient profitability, the agency said.

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