21.12.2018
Capital Intelligence (CI) has affirmed Şekerbank T.A.Ş.’s Short and Long Term Foreign Currency Ratings at “B”, respectively. Şekerbank’s Financial Strength Rating is also affirmed at “B” and Support Rating at “4”. Within the current macroeconomic conditions, the Outlook remained as “Negative”.
27.09.2018
JCR Eurasia Rating (JCR) has evaluated Şekerbank T.A.Ş. in a high-level investment grade category and affirmed its Long Term National Rating at “AA-(Trk)” and Short Term National Rating at “A-1+(Trk)” and revised their Outlook as “Negative”. The Bank’s Long Term International Foreign and Local Currency Ratings have been affirmed at “BBB-” at the country ceiling level along with the same Outlook.
11.09.2018
Within the scope of its evaluation on Turkish Banks, Fitch Ratings has revised our Bank’s Long Term Local and Foreign Currency Ratings from “B+” to “B” and their Outlook as “Negative”. Fitch has also revised our Bank’s Viability Rating from “b+” to “b” and affirmed its Short-Term Local and Foreign Currency Rating at “B”, its Support Rating at “5” and its Support Floor at “NF”. Fitch has announced that it has revised our Bank’s Long Term National Rating from “A(tur)” to “BBB(tur)” and its Subordinated Debt Rating from “B/RR5” to “B-/RR5”.
28.08.2018
Following the downgrade of Turkey’s issuer rating by one notch on August 17, 2018; Moody’s has also revised Şekerbank’s credit ratings together with the other Turkish banks. Accordingly, Moody’s has revised Şekerbank’s Long Term Foreign and Local Currency Deposit Ratings from “B3” to “Caa1”, its National Scale Long Term Deposit Rating from “Ba2.tr” to “Ba3.tr”, its Baseline Credit Assessment and Adjusted Baseline Credit Assessment Ratings from “b3” to “caa1” and the Long Term Counterparty Risk Assessment Rating from “B2(cr)” to “B3(cr)”. Moody’s has also affirmed Şekerbank’s National Scale Short Term Deposit Ratings at “TR-4” and Short Term Foreign and Local Currency Deposit Ratings at “Not Prime”. Moody’s has also revised the Outlook as “Negative”. Following the revision of Turkey’s local currency country ceilings for bonds and bank deposits from “Baa2” to “Ba1” on August 17, 2018, the Bank’s Covered Bond Programme rating has been revised from “Baa2” to “Ba1”.
17.08.2018
Japan Credit Rating Agency (JCR) has affirmed Turkey’s credit rating at the investment grade category on August 14, 2018 and revised the ratings’ Outlooks from “Stable” to “Negative”. As a result of this update, JCR has affirmed our Bank’s International Foreign and Local Currency Ratings and revised their Outlooks along the same line.
09.03.2018
Moody’s has affirmed our Bank’s Long Term Local and Foreign Currency Deposit Ratings at “B2” and its Baseline Credit Assessment as “b2” and revised the Outlook from “Negative” to “Stable”.
01.02.2018
Fitch Ratings has affirmed all of our Bank’s ratings listed below and their Outlooks at “Stable”:
Long Term Foreign and Local Currency Ratings: B+
Short Term Foreign and Local Currency Ratings: B
Viability Rating: b+
Support Rating: 5
Long Term National Rating: A(tur)
Subordinated Debt Rating: B
Outlook: Stable